The HSBC China Purchasing Manager’s Index rose from 55.0 in September to 55.4 in October, the seventh straight month above 50, the threshold mark expansion or shrinking. Export orders were very strong, climbing from 54.4 to 55.6 from 54.4 and the strongest reading since June 2007.
China’s domestic economy has been very strong so if the exporting/manufacturing business picks up with it, the Chinese economy is going to rocket.
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