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GROWTH in China’s manufacturing sector picked up more than expected in March as authorities lifted winter industrial pollution restrictions and steel mills cranked up production as construction activity swings back into high gear.The official Purchasing Managers’ Index released on Saturday rose to 51.5 in March, from 50.3 in February, and was well above the 50-point mark that separates growth from contraction on a monthly basis.Analysts surveyed by Reuters had forecast the reading would pick up slightly to 50.5. February’s figure had been the lowest in 18 months, but many analysts suspected it was due to disruptions related to the long Lunar New Year holidays.The March survey showed manufacturers shifted into higher gear as seasonal demand picked up. The sub-index for output jumped to 53.1...
We often use big, overarching ideas to help us understand the world and the opportunities contained within. These narratives, which can change over time, are used to create context. They give us a frame of reference for comprehending the news and events that affect our outlook on things. China’s economic prowess is one of these new paradigms that has emerged, but many people still can’t really wrap their heads around the scale or scope of it. It’s happened suddenly, and the ramifications are extremely relevant to our investments and understanding. Here’s four maps on China’s trade dominance that will help you think differently about the world: CHINA IS THE WORLD’S #1 TRADE PARTNERChina trading partners outnumbers US by a factor of twoImage courtesy of: Connectography Th...
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