Chinese PMI reaches a 18-month high

Source: Bloomberg
© Scanpix/Reuters
As China's manufacturing indicator was at its highest in one and a half years the outlook for reaching the 7.5% growth target looks positive. The PMI came out at 52.0 suggesting expansion and exceeding the 51.0 estimate. Furthermore, the Yuan also gained with these news suggesting that the Chinese stimulus plan is having an impact on growth.
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