bump

Others are now also hungry for GRO... :)

I am hungry for GRO now at 2.17

I am hungry for GRO now at 2.17

China Manufacturing Expands at Faster Pace, PMI Shows (Update2)
Share Business ExchangeTwitterFacebook| Email | Print | A A A By Bloomberg News

Nov. 1 (Bloomberg) -- China’s manufacturing expanded at the fastest pace in 18 months and a government researcher said economic growth will accelerate this quarter.

The Purchasing Managers’ Index rose to a seasonally adjusted 55.2 in October from 54.3 in September, the Federation of Logistics and Purchasing said today in an e-mailed statement in Beijing. An index of export orders climbed to 54.5 from 53.3.

Premier Wen Jiabao’s $586 billion stimulus plan and unprecedented growth in new loans are sustaining China’s rebound amid signs that exports may start to recover as the global slump eases. The world’s third-biggest economy may expand at a 9.5 percent annual pace this quarter, Zhang Liqun, of the State Council Development and Research Center, said in the statement.

“China’s recovery has been impressive, but has been heavily reliant on government-directed investment,” said Brian Jackson, Hong Kong-based strategist for emerging markets at Royal Bank of Canada. “External demand will provide an additional source of support for growth in the months ahead,” he said, adding that the government may “start tightening policy from early 2010.”

The latest PMI number was higher than the median estimate of 54.7 in a Bloomberg News survey of 10 economists. A reading above 50 indicates an expansion. Today’s figure compares with a record-low 38.8 in November last year, when recessions in the U.S., Europe and Japan sent export orders plunging.

Global Risks

China’s cabinet pledged Oct. 21 to continue monetary and fiscal stimulus even after growth exceeded officials’ expectations for the first nine months of the year. Commerce Minister Chen Deming warned yesterday that the global economy may “plunge” if nations withdraw support measures too quickly.

A jump in the import index to 52.8 from 50.7 “shows an acceleration of domestic demand,” Zhang said.

An output index rose to 59.3 in October from 58 in September and a measure of new orders climbed to 58.5 from 56.8. An index of employment dropped to 52.4 from 53.2.

Surging auto sales, driven by tax cuts and subsidies, are boosting manufacturing. Passenger-car purchases exceeded 1 million for the first time in September as General Motors Co., the largest overseas automaker in China, reported that sales doubled.

China will sustain its economic rebound this quarter and growth is likely to top the government’s 8 percent target for 2009, the central bank said Oct. 30.

Biggest Winner

Policy makers need to “manage inflation expectations,” curb excess capacity and encourage sustainable lending growth, the central bank said in its report on the third-quarter economy.

Billionaire investor George Soros said Oct. 30 in Budapest that China will be the “greatest winner” from the global financial crisis, with the U.S. losing the most, leading to a shift in their positions that exceeds expectations. Nobel Prize- winning economist Joseph Stiglitz said yesterday that emerging economies including China need to guard against “bubbles” caused by the surge in liquidity as governments around the world try to stimulate growth.

The manufacturing index, released by the logistics federation and the Beijing-based National Bureau of Statistics, is based on replies to questionnaires sent to purchasing executives at more than 730 companies in 20 industries. It was instituted in January 2005.

For Related News and Information: Most-read stories on China: MNI CHINA 1W <GO> Most-read China economy stories: TNI CHECO MOSTREAD BN <GO> For top economic news: TOP ECO <GO> For top China news: TOP CHINA <GO> Credit crunch page: WCC <GO> Government relief programs: GGRP <GO>

Last Updated: October 31, 2009 22:35 EDT
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2gJKUZAwJv0&pos=1

Stocks listed also in Hong Kong are marked...

Stocks listed also in Hong Kong are marked...

Stocks listed also in Hong Kong are marked...

This board is finished, charts are corrected.

Yes, but mainly because there are too many chinese companies in US stock markets. If you see my board with Indian watchlist charts - you see I have succeed to mix them together into one board. But it is impossible for quantity of chinese stocks....

AMEX is now part of NYSE....you will still do seperate board?

For sure, but this is the chart list of NYSE stocks only - Part 1 and Part 2, once when I will have the time to finish part 2 - then I will do board for NASDAQ and AMEX stocks charts as well...

it is watch list mainly...to go thru and see if something interesting is going on or not.....

can we discuss ones that are OTCBB which will be on NYSE in Q3?

another watchlist board added......for chinese stocks - NYSE only