Manufacturing, economic growth in China - Tom Johansmeyer

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Manufacturing, economic growth in China
Nov 02, 2009 01:40 PM UTC

Tom Johansmeyer

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Via BloggingStocks:

Filed under: China, Economic data, Financial Crisis

Export orders were on the rise in October in China, suggesting a strengthening recovery and an opportunity to cut back on stimulus spending. The manufacturing measure grew at its fastest rate in the past year and a half, according to the HSBC (NYSE: HBC) purchasing managers' index. It increased to a seasonally adjusted 55.4 from 55 in September.

If you're looking for a reason behind the gain, it's all in the flow of capital. In addition to the government's economic stimulus package, $1.27 trillion in new loans were written to help deliver the country from the global financial crisis.

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Manufacturing, economic growth in China originally appeared on BloggingStocks on Mon, 02 Nov 2009 08:40:00 EST. Please see our terms for use of feeds.

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