atans1

China: No reason to panic/ Think Taiwan

In China on 24/08/2015 at 1:38 pm

Another day, another big fall in China.

The services sector supplanted manufacturing a couple of years ago as the biggest part of China’s economy, and that trend has only accelerated this year. The alarm on Friday stemmed from an unexpected fall in the purchasing managers’ index (PMI) for manufacturing sponsored by Caixin, a respected Chinese financial magazine. That gauge has been lilting southward for a while. By contrast, Caixin’s PMI for the services sector jumped to an 11-month high in July.

http://www.economist.com/news/china/21661959-despite-financial-nervousness-rebalancing-continues-why-chinese-economic-worries-look-overdone

Taiwan is a place that could be more resilient to the EM gloom says a Fidelty fund mgr. Think high tech exports to the US. Think Apple also.

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