The Third Industrial Revolution
In fact in China there are two indexes, a fact which has lead to some controversy . The second index produced by the government-backed Federation of Logistics & Purchasing has repeatedly shown slightly higher readings, a feature which may be the result of giving a slightly larger weighting to the state enterprises, which are more oriented towards the domestic market. The May PMI saw the CFLP benchmark reading fall to 53.1 in May from 53.5 in April. This was the third consecutive month this index has held ab
Retail Sales, Industrial Output and New Lending Data China’s new lending doubled in May and industrial output and retail sales climbed pretty much in line with the data which was leaked earlier in the week by 21st Century Business Herald (see above).