The recent slew of data to come out of China has shown that economic growth not only remains strong, but is also becoming broader. And while analysts believe that the annual growth targets will be met at the end of the year, they also argue that stimulus package support will remain in place for the foreseeable future.
The data that caused the most surprise were the consensus-beating industrial production, which was up 16.1% year-on-year in October, somewhat higher than the 13.9% increase in September. This goes hand-in-hand with the latest purchasing managers' index PMI score, which was 55.2, well above the 50 level which shows that the manufacturing sector is growing. But the growth is...
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