Kandi Technolgies Corp (KNDI)

[bullmarket2222]

Not to sound condescending but I got chuckle from your post.

China grew almost 10m jobs over the last 8 months. Most of this is moving citizens into the cities. Advantage Kandi. Nothing but but good news.

Let me help you,

Making sense of China’s economic health is challenging because the slowdown is partly by design.

The Communist leadership has pledged to reduce China’s dependence on credit-fueled growth and investment, to instead emphasize domestic consumption. It is a risky proposal, and leaders have signaled a willingness to live with slower growth, provided employment holds up and systemic risks are contained.

One figure that Chinese leaders study closely is the number of new jobs. Li Keqiang, China’s prime minister, boasted in a speech at a World Economic Forum meeting last month that nearly 10 million urban jobs had been created in the first eight months of the year, up slightly from a year ago. As a result, he said, he would not mind if the growth of the gross domestic product fell short of this year’s official target of 7.5 percent.

“An important goal of maintaining stable growth is to ensure employment, and the floor of the proper range is to ensure relatively adequate employment,” he said at the meeting in Tianjin.

"By and large, [it was] an impressive reading showing resilience of the Chinese economy. It also shows that we don't need to be that concerned about the depth of slow down in China," said Dariusz Kowalczyk at Credit Agricole Corporate and Investment Bank in Hong Kong.

Other data showed factory output rose 8.0 per cent in September from a year earlier, beating expectations for a 7.5 per cent increase and up from August's six-year low of 6.9 per cent.