China manufacturing PMI are showing the first rebound

Chinese Premier Wen Jiabao chaired a State Council executive meeting a few days ago pointed out that the current international financial crisis continues to deepen and spread, but in some regions of China and the industry to stabilize economy has shown signs of recovery. At present, economic data has also confirmed this point: in March, China's leading indicator of the real economy appears more than the "first": power generation, real estate and automobile sales, plans to invest in new projects, manufacturing PMI are showing the first rebound.Which give the china manufacturer and factory big confidence.

The present situation, while external demand may well be more "cold", but basically the face of domestic support for the role of imports and exports are strengthening. On the one hand, signs of China's economic rebound in investment growth, on the other hand, reflect the growth in consumption. Domestic consumption as the main indication of the total retail sales of consumer goods in the first two months of this year, an increase of 15.2%. Although the same period last year dropped 5 percentage points, but many economists believe that the CPI declined for the first time in six years against the backdrop of such growth is not easy to have.