The Chinese Economy Is Recovering

February 4. 2009

Beijing (Photo by: Bobak Ha'Eri)

Based on released reports, the Chinese economy is recovering from the economic downturn that began in America. I’m not surprised at this news. They clamp down on financial crime and problems of that nature quicker, in a more stringent fashion and the punishment is more severe.

Remember the people from the melamine tainted baby milk story...well, they got shot. A firing squad. The government tried them and found them guilty of using a dangerous additive.

Forget the FBI. Oh that Madonna lived in China.

China's Economy Shows Signs of Recovery

Buses full of people travel from China's factories

The latest manufacturing data in China suggest that the world's third-largest economy is showing some signs of recovery. Government economists announced Wednesday that manufacturing shrank again in January, but not as much as in the previous months.

The state-sanctioned China Federation of Logistics and Purchasing says the country's purchasing managers index rose to 45.3, up from 41.2 in December. A PMI reading above 50 indicates growth, while a number below 50 indicates contraction. The data also show that demand for Chinese products declined at a slower rate in January than in December...

http://english.chosun.com