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China’s PMI rose indicating manufacturing growth acceleration December 1, 2010

Posted by Enginomist in China, News.
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China’s logistics federation reported in its website today that the Purchasing Managers’ Index rose from 54.7 to 55.2 in October.

That means China’s manufacturing grew at a faster pace for 4th straight month in November which indicates the economy can withstand higher interest rates as price pressures increase. (Read more)

With Christmas around the corner and the joy of giving in the air, it is no surprise that China’s manufacturing growth has accelerates towards the end of the year. I foresee a drop in the PMI in the range of slightly above 51 next month. What do you guys think?

 

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