We're about to get a look at what is really going on in China
Nir Elias/ Reuters
You may have heard that China is on a tear right now.
Lending in the country has exploded. The government has stepped up spending. Property-purchase regulations have been relaxed.
That all seems to be contributing to a pickup in activity in China's old economy, the one driven by building things.
One way to track that kind of activity is by watching the PMI and nonmanufacturing PMI, which track activity in China's factories and services sector every month. Читать дальше...