Market voice: China tightening inevitable
Firstly, the Purchasing Managers Index (PMI) data for December, released in the first few days of the new year, were very positive, showing China's manufacturing sector is posting strong growth as we move into 2010. The official PMI series showed an increase in the headline index from 55.2 to 56.6, while the HSBC/Markit PMI, showed an increase from 55.7 to 56.1. The data also provided further evidence of rising inflationary pressures, consistent with November Consumer Price Index data, with the
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