Chinese manufacturing expands for 8th straight month

MarketWatch ^ | Nov. 1, 2009, 12:01 p.m. EST | Chris Oliver, MarketWatch

[Ernest_at_the_Beach]

HONG KONG (MarketWatch) -- China's manufacturing expanded for the eighth straight month in October and forward-looking indicators pointed to a further pick-up underway, according to a government index released Sunday.

The data adds up to a picture of an economy that's on track for acceleration in the October-to-December period, marking the third-straight quarterly pick up.

The Purchasing Managers Index (PMI) rose to 55.2 in October from 54.3 in September, the China Federation of Logistics and Purchasing said in a release.

A gauge of export orders rose to 54.5 from 53.3, the sixth straight month of gains. General orders notched a similar advance, rising to 58.5 from 56.8, its ninth straight month of expansion.

[TLI]

But we have Hopie-Changie!
All China has is a booming economy and no EPA.

[WilliamofCarmichael]

export orders rose

The 'ghost fleet' near Singapore. The world's ship owners and government economists would prefer you not to see this symbol of the depths of the plague still crippling the world's economies

"An armada of freighters with no cargo, no crew . . . The cost of sending a 40ft steel container of merchandise from China to the UK has fallen from £850 plus fuel charges last year to £180 this year."

So how are they getting that crap here and to Europe?

[UB355]

Ghost manufacturing filling ghost ships with ghost goods. Sounds like our Democrats telling us the GDP rise means the economy is rising.

[jpsb]

Now we know where the stimulas money went!