Sunday, May 3, 2009

Chinese Manufacturing Expands

Marketwatch reports:

China's manufacturing sector expanded in April, marking its first growth in nine months, according to data released Monday by Hong Kong-based brokerage CLSA Asia-Pacific Markets.

The CLSA China Manufacturing PMI rose to 50.1 in April from 44.8 in March. A reading below 50 indicates deteriorating conditions, while above 50 indicates improvement.

"China's government has been extremely successful in stimulating investment, and, combined with a sharp improvement in export orders, this has pushed the PMI back into positive territory," wrote CLSA's head of economic research, Eric Fishwick.

Source: CLSA


  1. I do not understand the significance attributed to Chinese statistics!

    China is a communist dictatorship running a command economy:

    In this particular case The Government commands that target figures be improved and they are! Pure Magick!!

  2. one question then... why the 9 straight down months before?