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Both China PMIs now indicate growth (barely) [ClearOnMoney]
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Both China PMIs now indicate growth (barely)

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Commentary

Both China PMIs now indicate growth (barely)

2 Dec 2012 by Jim Fickett.

Today both the government PMI and the HSBC PMI came out for November. For the first time since October 2011, both are above the neutral 50.0 level.

Certainly it is good news that these indices both imply growth. However given that normal monthly variation could easily reverse that situation, and given that the government has once again resorted to artificial stimulus measures that ignore the long-term problems, it is not quite time to pop the champagne corks yet.