China Factory Activity BEST since Trump took office! (money, administration, 2015)
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https://www.wsj.com/articles/chinas-...ne-11575078011
China’s Manufacturing Resumes Growth, Ending Six Months of Decline
Official purchasing managers index rose to 50.2 in November from 49.3 in October
Updated Nov. 29, 2019 11:14 pm ET
AND I have to amend my previous post suggesting the Dow was looking to move upward with the news on China because once again the President has spoken and the Dow has reacted......
https://www.wsj.com/articles/chinas-...ne-11575078011
China’s Manufacturing Resumes Growth, Ending Six Months of Decline
Official purchasing managers index rose to 50.2 in November from 49.3 in October
Updated Nov. 29, 2019 11:14 pm ET
Again, interesting. They all state exactly what this article does...with the exception of stating their economy is still hurting. Believe what you want though. My wife works in wealth management and what they are saying about the economy is opposite of what many of the naysayers here on CD are saying.
So they had a tick upward in a falling economy... doesn't mean they are doing well. Get back to us in 6 months, a year etc...if it is steadily climbing... that is a different story.
"Despite the increases, Lu Ting, chief China economist at Nomura Securities, said that a similar stronger-than-expected rise in the PMI numbers in March proved to be a false dawn, as the economy continued to flounder in the months that followed.
“We don’t think such a rebound suggests a bottoming out of the economy, as strong growth headwinds remain, especially from the cooling property sector and China’s worsening fiscal situation,” he said."
"It’s important to emphasize that considerable downward pressures remain on the economy. And it’s unwise to read too much into a single month’s reading. Large jumps in activity are not unusual following China’s week-long holidays, such as the Chinese New Year and in October. The trade talks with the U.S. will be a crucial swing factor for the outlook. Policy support is likely to be kept up."
-- Chang Shu, Chief Asia Economist
a jump up...from rock bottom...is nothing to cheer about
You think this is a valid thread to remind us that the average Chinese creates 1/2 as much CO2 as the average American?
i think it's a valid thread to remind us that china's economy is so much in the dumper that they are breaking their 'clean energy' promises and turning more than ever to coal to save money.
With Trump as President, it seems the liberals/Democrats gleefully root for America to fail in general.
It's very concerning and highlights the fact they'll "do anything" to get Trump out of office. A shame.
The point is that it's TRUMP who's doing this. Don't blame the bad news on the messenger. OF COURSE anyone who cares about America would point out trends that, if corrected, could help us out.
You guys act as if it were the Liberals and Dems who made bad policy to help the Chinese and Hurt the Americans. That would be Trump. Don't shoot the messenger.
... and yes, this is but two of many economic measures. Anyone, espousing any policy can find a valid stat to support their position. Stats don't live in isolation, and cause and effect is not a linear process. Even I can admit that things that this, or any POTUS does, both hurt and help the US economy. It's very obvious (to me, and most economists anyway) that Trump is neither all good nor all bad, but he is not fairing very well on the economic continuum, if you look at things holistically.
i think it's a valid thread to remind us that china's economy is so much in the dumper that they are breaking their 'clean energy' promises and turning more than ever to coal to save money.
As World Leaders Meet to Fight Climate Change, China Adds Coal Plants and Cuts Renewable Funds
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