Late Wednesday, China released some economic data that's being characterized as an improvement and a 'beat' relative to expectations. While all of this is fair and accurate, it should not be interpreted as good. China's Flash Manufacturing PMI index climbed to 50.4 in October, up from 50.2 in September. It was better than the 50.2 expected by economists.

BING NEWS:
  • China’s factory activity remains in expansion in April as economic recovery gathers pace
    Official manufacturing purchasing managers' index (PMI) stood at 50.4 in April, remaining in expansion territory for a second consecutive month Non-manufacturing PMI stood at 51.2 last month, ...
    04/29/2024 - 2:35 pm | View Link
  • China's Economy Faces Choppy Waters Despite Rosy Report
    Official data shows the world's second-largest economy grew faster than expected during the first quarter but began losing momentum in March.
    04/17/2024 - 10:58 am | View Link
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