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  • we begin with China, where manufacturing continues to recover a key measure.

  • The purchasing manager's index reached the highest level in October since January 2011.

  • It's just the latest sign off a recovering economy in the Asian powerhouse.

  • Another well, the return off business in Wuhan, the central Chinese city where the outbreak began.

  • Take a look.

  • Social distancing rules are out clubbing back in the mood on Wuhan streets, also optimistic.

  • There are no more problems in Wuhan.

  • Everything's under control, a message Beijing is eager to spread, especially as Europe locks down in cases rise again in the US, new figures increasingly support that message.

  • The Chinese economy is growing again.

  • Exports are rising on domestic consumption, is trying to pick up the slack in overseas demand.

  • Businesses say they're seeing the revival firsthand.

  • Build a Home owns one of the city's most popular restaurants.

  • WAY started to ease the lock down on April 8th, but the customers weren't there.

  • It was only in May, when everyone was tested that people and family started going out because everyone was reassured way.

  • But China's approach is hardly do clickable.

  • Beijing's one party rule and its massive mobilization make it an anomaly amongst large economies, even if its rebound is enviable.

  • Well, for more, I'm joined by our financial correspondent contribution in Frankfurt.

  • Conrad.

  • The data from China certainly is going down well after a dismal week, isn't it?

  • Absolutely, Monica, after the German index, Dax lost nearly 10% in the course of the month of October.

  • This data from China is really taken by investors as a injection off optimism.

  • I would say it's really causing a rebound on the market here, but at the same time, you know, as all over Europe, new lockdowns, at least partial lockdowns are being introduced.

  • There's also a lot of discussion on the trading floor.

  • How good is it?

  • And how long can Germany's economy continue to rely so much on China?

  • So a little bit of optimism there from China.

  • But the focus this week certainly isn't on China.

  • Absolutely.

  • The number one topic this week, also on the European trading floors, is theoretician in the United States.

  • Generally speaking, investors at the moment really don't want to have too many risky trades open.

  • They prefer to stay on the sidelines, sit on the fence and as Donald Trump would say, See what happens?

  • Um, and not only till Wednesday.

  • You know, this'll election in the U.

  • S.

  • Is going to be one of the most contested ones ever.

  • It's going to take a while until markets can concentrate on economic aspect off.

  • What's going on in America again?

  • Alright, Conrad in Frankfurt.

  • Thank you so much.

we begin with China, where manufacturing continues to recover a key measure.

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Chinese manufacturing index hits 10 year high | DW News

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    林宜悉 posted on 2020/11/03
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