Monday, May 09, 2011

China's Engine: March 2011

Looking at the latest release of the OECD economic indicators for China, it appears that the massive jump in economic activity seen since the panicky period of late 2008 took a notable pause throughout most of 2010 and now appears back on the rise (note... this is a highly revised series that has been swinging between expansion to contraction with each monthly release).

China’s leading economic indicator suggests that economic activity expanded in March showing a month-to-month increase of 0.11% bringing the latest level just 0.02% below the level seen in March 2010.