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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
From your own bloomberg article link,
Quote:
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.
I underlined and bolded the key word that the OP and yourself should consider.
They also noted that the Chinese govt. is "bolstering" things.
In short, the OP is trying to use a single data point which is being fudged a bit by the Chinese govt., may revise and we are warned that it is UNWISE to read to much into as their thesis. If you want to co-sign that position then so be it but I sure wouldn't.
Ouch. I knew their stock market had taken a beating but down 30% in one year is brutal.
Between that and Hong Kong, I'm wondering if China is going to stop dancing around and make a trade deal. It currently looks like they're trying to wait out Trump but can they wait another year or more (minimum)?
Their own rhetoric kinda paints them into a corner though. They blame Hong Kong on the west stirring up trouble so if they cut a deal now it looks like they're backing down.
If Trump can swing a solid deal between our countries that China can turn around and spin as a "victory" and have their news media spin how they won then that's probably the best case scenario.
Ouch. I knew their stock market had taken a beating but down 30% in one year is brutal.
Between that and Hong Kong, I'm wondering if China is going to stop dancing around and make a trade deal. It currently looks like they're trying to wait out Trump but can they wait another year or more (minimum)?
Their own rhetoric kinda paints them into a corner though. They blame Hong Kong on the west stirring up trouble so if they cut a deal now it looks like they're backing down.
If Trump can swing a solid deal between our countries that China can turn around and spin as a "victory" and have their news media spin how they won then that's probably the best case scenario.
Here is the bad thing. China plays the long game, we don't. So whatever strides this administration has made to benefit the U.S. , when we get a change in the White House, either in 2020 or 2024 , whomever is in control will undue everything Trump has done.
Not knowing the extent of the Chinese govts. bolstering attempts and having just the recent uptick I'm going to not jump on the single data point bandwagon.
The various Chinese stock markets are up on average around 0.2% on the news so it's certainly better for China than if it had gone down.
(Noting however that being down 30% or so...the 0.2% gain is like getting ice cream after having both your legs run over by a Zamboni)
Let's see what the next 6 months brings. *shrug*
P.S. I'm firmly in the "too soon to tell" camp.
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