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  1. #1
    Legendry Member milos's Avatar

    Chinese economic data !!!

    Manufacturing PMI rose in December in China less than expected. It fell to 51.0 points from 51.4 points in the previous month. Analysts had expected a rise to 51.3 points.

  2. #2
    Legendry Member milos's Avatar
    The Chinese HSBC Manufacturing PMI is a composite indicator remained unchanged at a level of 50.5 points which was in line with economists' expectations.

  3. #3
    Legendry Member milos's Avatar
    Chinese Non-Manufacturing PMI fell in December to 54.6 points from 56.0 points in the previous month.

  4. #4
    Legendry Member Michael Hodges's Avatar
    China is a small worry, it is in a flux of GDP ranging in the 7% zone,the speed and slowness of thier recovery is something to watch but don't forget...it's growing at a steady 7%ish....that more than double world GDP at this time. It will take a serious shift in Chinese data to change that I think.

  5. #5
    Legendry Member milos's Avatar
    China is approaching a level of income that can suddenly slow down economic growth. China would be able to avoid this problem if the end of this decade is maintained annual growth of about 7%.

    This growth is lower than the former rate of 12% is good in any case sufficient to service its debts and China significantly increase productivity.

  6. #6
    Legendry Member milos's Avatar
    Chinese manufacturing sector fell in December to 50.9 points from 52.5 in the previous month.

  7. #7
    Legendry Member milos's Avatar
    China's trade balance fell in December to 25.60 billion from 33.80 in the previous month. Analysts had expected to fall of 32.6 billion.

  8. #8
    Legendry Member milos's Avatar
    China's foreign exchange reserves reached a new record of 3.83 billion dollars in the fourth quarter, after 3.66 billion which was the amount in the previous quarter.

    China's trade surplus last year recorded 259.75 billion 12.8% increase over the previous year.

    The growth of foreign exchange reserves has fueled years of trade surpluses for several years, during which China has become the world's second largest economy.

  9. #9
    Legendry Member milos's Avatar
    China's investment in fixed assets fell in December to 19.6% from 19.9% the previous month which was in line with the forecasts of analysts.

    Retail sales in China fell in December at an annual rate of 13.6% from 13.7% the previous month, which was equal to economists' estimates.

    Industrial production in China dropped over the last month to 9.7% from 10.0% the previous month. Economists had predicted a drop to 9.8%.

    Chinese gross domestic product fell in the fourth quarter at an annual rate of 7.7% from 7.8% in the previous quarter. Analysts expected decline to 7.6%.

  10. #10
    Administrator Martin Kay's Avatar
    Important Notice!!!

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