by InvestorPlace Staff | April 23, 2014 9:05 am
David Gaud of Edmond de Rothschild discusses the latest HSBC China flash manufacturing PMI and the impact of the RMB’s depreciation on China’s economy.
Gaud states that the numbers shouldn’t be too surprising, as most investors are still waiting for the bottom in China. But the economic situation is neither improving nor deteriorating, says Gaud, which won’t be good for equities in the near term.
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