Strong new orders is a good sign for the region. The improving job situation means wage increases and that should support stronger consumption.
More Quotes from Tim Condon:
This is a very political year in the U.S. and China is an easy target. It would take a massive swing to satisfy U.S. politicians. It's a failure of economic thinking, but politics is politics.Tim Condon
The January-February surplus was 1.3 billion wider year-on-year, which highlights the pressure on the central bank as it attempts to dissipate some of the upward pressure.
Tim Condon
The central bank obviously would like to see two-way movement. That to a large extent depends on what happens with policies. For example, the relaxation of restrictions on capital flows takes away some of the upward pressure on the yuan.
Tim Condon
There's been very strong growth balanced between domestic demand and exports and falling inflation - a very satisfactory outcome from the point of view, I would suspect, of the policy-maker.
Tim Condon
If the US dollar remains firm, then flows looking for an appreciation of the yuan will remain at their 2005 levels or lower and we're forecasting a more or less unchanged trade surplus.
Tim Condon
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