The Rising Influence of Rising Affluence

[DewDiligence]

China's factory activity fell for an eighth straight month in October but at a slower pace as export orders flickered into life, a private survey showed on Monday, pointing to continued sluggishness in the world's second-largest economy.

As noted in #msg-117427332 and other posts on this board, China’s economy has become bifurcated—manufacturing and infrastructure projects have taken a back seat to services and consumer spending.