The HSBC China Manufacturing Purchasing Managers Index rose from 56.1 in December to 57.4 in January, the strongest reading ever for the month of January and the 10th month in a row over 50 (any reading above 50 indicates an expanding economy).
Any worries about the recent reserve requirement increase killing the Chinese economy are unfounded.
Related Posts
- Chinese manufacturing slumps (11/30/08)
- China manufacturing continues to expand (03/01/10)
- China manufacturing takes off (11/02/09)
- Singapore manufacturing output increase 24% (05/26/09)
- Five months of shrinking manufacturing (01/02/09)
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How should we view the Shanghai index atthis time?
http://pragcap.com/is-this-the-beginning-of-a-new-bear-market-in-china
I will answer this question in the February issue of Asia Stock Alert.