HSBC's preliminary PMI of 50.4 show expansion for the first time in 11 months in November. This is a strong indicator that the Chinese economy is in full rebound and the Chinese stock market and stocks are reflecting it. Now, let us watch eFuture reflect this recovery in this low float undervalued stock!
Xi Xinping has hinted that their may be some additional stimulus directed at the consumer specifically(good news for eFuture). He wants to see the transition from exporting economy to consumer driven economy continue with momentum and because of a drop in the cost of living to 1.7 most employers are not giving wage increases. Xi is concerned the consumer will pull back so he is out in front with the idea of stimulus. This is based on reports that appeared this past week and it sounds as if it will occur soon. It will be interesting to see what form this takes since some have already gone on record to state their will be no further interest rate cuts.