ALERT- China NBS PMI

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Mtl JP  18:47:40 GMT - 01/01/2012
john 13:55 // Chinese "recession improbable"
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With Made-in-China flood of junk seeing indigestion in Europe and US markets and domestic Chinese appetite growth for their own junk in question (ChinCom's "plans" now include not only China Pins Hopes on Public Housing - wsj but also Home Economics: Free Apartment in Chongqing - wsj), in what stinks of a scam the dirigists "Ministry opens more industries to investment from overseas", see Guidelines welcome foreign money - chinadaily.

Nevermind the glowing China numbers concerning foreign direct investment: they are fast sliding into an economic cesspool.

China recession is an open bet.

GVI Forex john  13:55:06 GMT - 01/01/2012

Odd time to release PMI data. 50.3 just above contraction line. Slowdown underway, but a recession improbable...

GVI Forex john  13:50:44 GMT - 01/01/2012
-- Earlier Data --
China PMIs December 2011
NBS: 50.3 vs. 49.1 exp. vs. 49.0 prev.

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