Some Good News Out of China

by Marilou Long on November 27, 2012

in Economic Indicators,Foreign Markets,manufacturing

Chinese industrial profits surged 20.5% year over year in October. This follows a seven quarter slowdown that the central government engineered in order to avoid a bubble. Also, the new leadership viagra professional has signaled that increasing the standard of living for more of the population is a key goal. From the linked article:

The data build on signs of a growth recovery in the world’s second-biggest economy, with industrial production and overseas shipments both rising last month by the most since May. The gains reduce the impetus for the new Communist Party leadership headed by Xi Jinping and Li Keqiang to build on policy stimulus including interest-rate cuts in June and July.

“The improved industrial profitability further confirms that the Chinese economy is stabilizing and gaining growth momentum,” said Ding Shuang, senior economist for China at Citigroup Inc. in Hong Kong, who previously worked at the country’s central bank. “The profit number, together with other economic indicators, shows there is no need for the government to launch new easing policies.”

in the United States also surprised to the upside with non-defense capital goods orders ex aircraft rising 1.7% in

October.

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