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Rail volumes and Manufacturing Index show China’s economy is expanding
Wednesday, December 5, 2012 3:40
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The second chart focuses on the simply the rail cargo volume. The volume of China's rail freight in October was 3.2% lower on a year-over-year basis (was -5.4% in September), but on a month-over-month basis increased by 5.8%.
The key take away is that the rail traffic lends credence to the recent series of data that suggest the world's second largest economy is stabilized after slowing for the past seven quarter. Globally speaking this is a small offset to the prospects of weaker US, Europe and Japanese growth profiles.
See more and subscribe to NextBigFuture at 2012-12-05 03:22:49 Source: http://nextbigfuture.com/2012/12/rail-volumes-and-manufacturing-index.html
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