Chinese factories had another bad month. Manufacturing activity declined for the second month in a row in September, according to a Chinese government survey released Oct. 1. A separate survey by HSBC said September was the 11th month of declines. Right now, bad news about the China slowdown is getting traders excited. They are speculating the Beijing government will unveil additional plans to jumpstart economic growth through the country’s leadership transition later this year. The Chinese currency, the yuan, climbed to a 19-year high last week.
By Kevin J. Delaney
AsiaPublished This article is more than 2 years old.