Stocks in Shenzhen surged during Thursday trade after a series of data released on Sunday and Monday showed Chinese economic activity bouncing unexpectedly in March.
The moves came after both the private Caixin/Markit Manufacturing Purchasing Managers' Index and the official Purchasing Managers' Index for March expanded unexpectedly, surprising analysts. That came on the back of Sunday's release of the official PMI in China, which rose to 50.5 in March from February's three-year low of 49.2. It marked the first expansion in four months, according to data released by China's National Bureau of Statistics.
In particular, they said, the"larger-than-expected tax/fee cuts and improving financial conditions" likely provided a boost to business sentiment in the country's manufacturing space. Furthermore, demand for industrial restocking could also have risen as commodity and raw material prices experienced a rebound.
Oh nice, China now proves that deficits don't matter once and for all. Debate, over! Paper over all the holes.
Didn't Kudlow say theyre slowing? Didn't he say cut rates NOW ? He knows BAD NEWS IS COMING TO OUR MARKET
Not here, though. Obama’s bootstraps could only carry OrangeBeast for so long and his tariff meddling will put us into a recession, PLUS, he is taking away your healthcare and re-establishing pre-existing conditions so you die.
Wait till we get baddata, this was a setup by China. If we get bad data were losing the tradewar
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »