China factory sector strongest since May 2011: survey

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MikeBarnett wrote:

This is good news for the global economy because it shows internal Chinese growth instead of growth based mainly on foreign trade. The measures to stimulate internal consumption appear to be working. The main developments are in the west and north in line with the 12th Five Year Plan for 2011-2015, so coastal and foreign writers may not see them unless they travel within China.

In addition, China has been establishing alternative markets to the EU and US, its current 1st and 2nd biggest trading partners, but these will take many years to grow to the level of the EU and US. However, the continued growth of China allows the EU and US to recover faster and permits both powers to approach the alternative markets that China has developed for further economic improvement. This can be a multiple win for everyone.

Dec 31, 2012 11:57am EST  --  Report as abuse
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