Tags: china, manufacturers
The latest news from China is that manufacturing expanded in March with the official Purchasing Managers Index rising to 52.4 in March from 49 in February. Anything above 50 shows an increase. "The PMI not only shows the government economic stimulus package has begun to take obvious effect, but also indicates a stabilising and warming economy," National Statistics Bureau director Ma Jiantang said.
When will the manufacturing sector change in the heavily export driven economies of Taiwan, Korea and Singapore - we will have to wait and see, but finally the news is not all doom and gloom.
With more and more green shoots of recovery starting to appear in the news, does this mean that we are now at the bottom of the recession and can now think about climbing out of it? Companies that have taken the time to analyse processes, invest in efficiency improvments and have kept fuding R&D will be in a far stronger position to take advantage of the upturn.
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