More to come, for China
China had just released one of it’s vital economy data , PMI , this morning.
PMI is an indicator that summarizes whether the economy is expanding, staying the same, or contracting as viewed by purchasing managers.
Albeit the manufacturing PMI is still below 50 , but it has risen to the highest level since four months ago , while on the other hand , non-manufacturing continue to slide although still above 50
The Chinese government has just conducted Politburo meeting on 24/7 , and we are expecting a broad stimulus programmed to be announced soon after this, especially on the property sectors, consumer electronics sectors etc.
$Hang Seng Index(800000.HK$ , $SSE Composite Index(000001.SH$ , $SZSE COMPOSITE INDEX(399106.SZ$ , $Hang Seng TECH Index(800700.HK$ all have been reacting positively , in anticipation of the “real” recovery of China
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