As China Demonstrates Another Month Of Strong PMI, Should Investors Begin To Shift Focus?: By Matt Schilling:
On Tuesday evening well after the U.S. markets were closed, the investment community received some very impressive news out of China. The HSBC Flash China Manufacturing PMI number came in at 49.1 for October versus the 47.9 number that was recorded in September which resulted into a month-over-month increase of roughly 2.5%.
According to comments by Hongbin Qu, HSBC's chief economist for china, "October's flash PMI reading continues to recover for the second month, thanks in part to a gradual improvement in the new orders index which picked up to a six-month high (albeit marginally below 50). This is helped by the filtering-through of the earlier easing measures. However, external challenges are still abound and the pressures on job market are lingering. This calls for a continuation of policy easing in the coming months to secure a firmer growth recovery." In my opinion we could begin to see such PMI
Complete Story »