The world economic conditions have deteriorated further. - Part 3

https://sg.finance.yahoo.com/news/china-factory-activity-edges-november-015502713.html

China manufacturing PMI has rebounded to 50.1 in November which is in the expansion territory.  This was just what we had expected in our previous projection.

http://sg-stock.blogspot.com/2021/11/the-world-economic-conditions-have.html

"Furthermore, China's GDP has also declined to 4.9% but we believe that this figure will be the trough for China since its GDP growth will rebound in Q4 due to the upcoming festive season (CNY)."

We continue to have our optimism as the manufacturing sector has to meet consumer demands for the upcoming CNY festival.

If you would like to know the relationship between PMI and GDP, please read our previous post below.

http://sg-stock.blogspot.com/2019/04/the-us-economy-has-flipped-and-fissures.html