Nomura’s Chief China Economist Ting Lu cut his forecast for Chinese GDP growth this year as factories shut down to comply with carbon emissions reduction targets.
Asserting the strongest growth rate, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 48.1 in June to 55.3 in July.
India and South Africa had brought a proposal at the WTO to lift IP restrictions for Covid vaccines and medicines back in October 2020. The proposal has been repeatedly blocked by the US, UK and EU.