CDT Money: Uncertainty Looms in 2013
November data has reinforced the cautious optimism that began to creep into the Chinese economy in September, as factory output and retail sales reached eight-month highs and inflation remained under control. Not all signs pointed in the same direction – exports rose less than expected for the month, and banks missed th
CDT Money: Credit Where Credit Is Due
A key measure of Chinese manufacturing activity edged into positive territory last week, as the official Purchasing Managers Index (PMI) rose from a September level of 49.8 to 50.2 for October. The expansionary figure represents a three-month high, and one analyst told BBC News that “the return of the PMI to above
