Daily News | China’s growing industry

China is the world’s second biggest economy and some analysts say that it could become the biggest one in a few years. According to the latest statistical data, China’s growing industry has even managed to shrug off the latest bad predictions. There has been a significant growth in the country’s manufacturing sector, but this resulted in many pollution issues. Because of that, China has started war on smog, which is why many thought its economy would slow down. However China’s growing industry overcame that and the official Purchasing Managers’ Index is growing as well – it now stands at 51.8, while in October had a value of 51.6. Besides fighting pollution, Chinese government did some infrastructure spending which resulted with growth in export as well.

As for the situation with the shares market, many of the most relevant companies fell between 2 percent and 4 percent (Amazon.com, Google, Facebook and Apple). Japan’s Nikkei .N225 fell 0.1 percent, while .MIAPJ000PUS fell 0.9 percent. When it comes to currencies, it’s important to highlight that the British pound hit a two month high of $1.2480. Analysts say that’s a consequence of success in negotiations on Brexit. We will see in the following few days whether or not this trend continues.

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Author: Max Rothstein

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