Two different surveys showed that the Chinese manufacturing sector is still healthy and growing.
The HSBC Purchasing Managers Index hit 55.8 and the The China Federation of Logistics and Purchasing survey was 52.0 in February. Any reading above 50 is considered to be healthy.
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I’m sorry but I beg to differ: For every penny China may earn abroad it bleeds a dollar internally, it being a centrally planned economy pulling the wool over analysts’ eyes via doctored statistics. I doubt China will survive this crisis.