Macroeconomics  |  November 22, 2012 10:58:06

Chinese data indicates recovery finally

China's purchasing managers index in November rose to a 13-month high and became another indicator that confirms that China's pro-growth measures fall on deaf ears and the economic recovery by the end of the year is gaining momentum. Beijing relaxed lending policy and Chinese banks and the private sector this year will provide 8.5 trillion yuan. You will be directed mainly to exporters, but also in an area that was newly opened private sector, ie to finance new infrastructure projects. It is this step might prospectively should support domestic demand, according to the indicators are still lagging.
Although most analytyků expected fourth quarter GDP growth exceeds 7.4 percent from the previous quarter, the overall growth remains maziroční nejslebší the last 13 years.

Source: Reuters

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