Data Shows China’s Economy Slows, Contrary to Government Reports (Bloomberg)
China’s economy slowed this quarter as growth in manufacturing and transportation weakened, contrary to the government’s reports of an expansion pickup, a private survey showed. Official statistics suggest that growth is stabilizing in China and manufacturing is on the upswing in the world’s second-biggest economy but a private survey by China Beige Book International showed a slowdown. China Beige Book International found that expansion slowed in the manufacturing, transportation, mining and construction sectors during the third quarter. In contrast, official government figures show China’s factories are gaining steam. The divergence shows the “conventional wisdom of a renewed, strong economic expansion in China to be seriously flawed,” said China Beige Book’s Leland Miller and Craig Charney. “These results are not catastrophic, but neither do they indicate growth is picking up.”
Like This Article? Now Get Mark's FREE Special Report: 3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Despite the initial sharp rally in the markets after Fed Chairman Ben Bernanke's surprise announcement to hold off on tapering, U.S. stock markets ended the week on a down note. The Dow Jones fell 1.26% and the S&P 500 fell 0.43%. The MCSI Emerging Markets Index bucked the trend and ended the week 0.82% higher.
It was, however, an excellent week for your Alpha Investor Letter portfolio. Big gainers in your portfolio included several bets on Asia with iShares MSCI Singapore Small Cap
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: