China’s slower manufacturing casts shadow over recovery

HSBC Flash PMI was disappointing but distorted by week long Chinese new year in February vs. January last year. Which means last month’s bullish numbers were not as good as judgment as well….

Image courtesy triplefivechina: http://www.flickr.com/photos/triplefivechina/

After calling a pause in the Shanghai A shares rally that was 24% off the December 4th low to the February 6th recent high, China pulled back 5% …this is a level to re-engage

One way to gain exposure to China is through the iShares FTSE China 25 Index Fund (FXI, quote) ETF.