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Tuesday, December 3, 2019

China PMI had expanded as we had predicted.

http://www.stats.gov.cn/english/PressRelease/201912/t20191202_1712936.html

We predicted in September 2019 (See below) that China PMI would expand soon and it really did in November 2019.  Why were we so confident?

Well, our rationale was very simple.  It was the US's anti-China stance that caused China's PMI to be in an expansionary mode.  How come?  The US's anti-China stance caused the de-americanization in China's supply chain which caused the local manufacturing industry to ramp up production to replace the US supplies.  Therefore, this increment would be reflected in China's PMI eventually and this growth would just be a matter of time.

http://sg-stock.blogspot.com/2019/09/ism-pmi-analysis-for-us-economy-in.html

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