Good Perspective on China’s Dueling PMIs

Good stuff at European CNBC this morning.  The markets had their doubts on China’s conflicting PMIs early this morning, especially after the Eurozone PMI confirmed weakness.   Didn’t last long, however, after U.S. ISM manufacturing came in better than expected, boosting the S&P500, which closed at a post-crash high, led, of course, by Apple.

Fenby’s says the PBOC thinks had a great year in 2011 in slowing the economy.

Chris Patten, the last British governorof Hong Kong,  praises Fenby’s new book about China’s economy,  Tiger Head, Snake Tails.   Click here for Patten’s review in the FT.

Jonathan Fenby, head of China research at Trusted Sources, told CNBC, “small companies in China are under a lot of pressure there is no doubt, it is access to credit but is also that wages are going up and the minimum wage in China is being increased by 20 percent a year.”

(click here if video is not observable)

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Fenby on China, posted with vodpod
This entry was posted in Black Swan Watch, China and tagged , , , , , , , . Bookmark the permalink.

1 Response to Good Perspective on China’s Dueling PMIs

  1. finsovet says:

    Reblogged this on Финсовет – Инвестиции без жадности и страха and commented:
    Интересная дискуссия о Китае.

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