Solid Outlook For China Industrial ETF
January 06, 2010 at 10:55 AM EST
China’s Purchasing Managers Index rose for the tenth consecutive month in December, signaling a steady expansion in the country’s manufacturing sector. According to the China Federation of Logistics and Purchasing, the index increased to 56.6 in December, up from 55.2 in November. A reading above 50 indicates growth, while a reading below 50 indicates contraction. [...] Related Stories: Global X Launches China Energy ETF Talking China Sector ETFs With Bruno del Ama Claymore Launches CQQQ, First China Tech ETF