This just out.
China’s manufacturing activity grew at its fastest pace for six months in June, suggesting that recent stimulus moves have started to have an impact.
The official purchasing managers’ index (PMI) rose to 51, from 50.8 in May.
The PMI is a key indicator of the sector’s health and a reading above 50 shows expansion.
China, the world’s second-largest economy, has taken various steps in recent months – including cutting taxes for small firms – to help boost growth.
Last month, China’s central bank said it will cut the reserve requirement ratio (RRR) – the amount of cash banks needs to keep in reserve – for banks engaged in lending to agriculture-related businesses and small companies.
China’s central bank, the People’s Bank of China, said it would also encourage banks to lend more to exporters to boost shipments.
In April, the government said it will cut taxes on small firms and speed up the construction of railway lines across the country.
The government has also announced plans to build railways, roads and airports along the Yangtze River – which connects China’s less developed inland provinces to Shanghai.
China’s economy expanded at an annual rate of 7.4% in the January to March period, from a year ago, down from 7.7% growth in the final quarter of last year.
Get long Chinese burrito stocks with reckless abandon. I am long LEJU.
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Let the fucking burritos run. That is indeed my favorite time of year, burrito-time.
I vote a complete burrito-themed overhaul for iBC for the month of July,
Me thinks we are entering the final, furious and explosive final move of this here bull market, no doubt featuring an parade of burritos and burritinos running pell-mell through the town square.
Herro.
Buy a burrito or buy the Big Dumpling, TCEHY.
Tencent (TCEHY) owns 15% of LEJU, 20% of WUBA, 20% of JD, a large chunk of Dianping (chinese YELP, and yet to go public), and much more (including interests in ATVI and SnapChat). It’s a one stop shop of Chinese Burritos.
Too big.
Too big = not enough movement?
Yes
I have many chinese-burrito-option positions..tis such a wonderful coincidence …INDEUD
Fuck yeah, Burrito Calls and some BIDU common.
Walked thru Boston Chinatown recently
After midnight
Talk about avoiding burrito-related disease
Fly! This book tells you what it is like to go into a Starbucks in Shanghai. And, who is controlling the non visible money. Vulture Peak by John Burdett. Novels but the series is worth reading.
Today is going to be motherfucking EPIC! Have fun today everybody.
Leju has an exclusive partnership with Zillow. I believe they launch their partnered website in a month or so. Should be a major catalyst for them. Trades at 14 times eps. Good pick.