Returning to policies without politics

On the day that the HSBC Manufacturing Purchasing Managers’ Index (PMI) for August for India shrunk to 48.5, the first contraction for the sector since March 2009 (amid a continuing drop in new orders), China’s manufacturing sector gave clear signs it is beginning to stabilize. The country is back in business in spite of naysayers insisting the Chinese economy will implode in the wake of changing business scenarios.

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