China and India: Canaries in the Coal Mine?
Richard Shaw (September 2nd, 2009) Writes:
Here are two bits of business news that investors should factor into economic recovery projections.
Hindustan Times (September 2, 200) Exports dip again, down 28.4% in July
India’s exports contracted for the 10th successive month, plunging by 28.4 per cent in July as order books continued to dry out from two of the biggest growth regions—the US and the European Union (EU)—which are still in the throes of a recession, reports
China Daily (August 31, 2009) Industrial enterprises in 22 Chinese provinces, regions and municipalities generated 1.11 trillion yuan ($163 billion) of profit in the first seven months, down 17.3 percent from the same period last year, according to the latest official figures.
The decline is 3.8 percentage points lower than that in the first six months, the National Bureau of Statistics (NBS) said in a statement Friday.
Daily charts shown below use 1 month (21 day), 1 quarter (63 day), 6 month (126
...China, China, China Daily, CNY, Emerging Markets, European Union, Hindustan Times, India, India, Market Commentary, national bureau of statistics, QVM Group LLC, Richard Shaw, SPY, United States, USD


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