Thu, 24 Jul 2014 07:57:21 GMT
Chinese PMI reaches a 18-month high
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.