Background: The index of factory activity in the US grew faster than expected in August. The Institute for Supply Management recorded a rise of 56.3 from 55.5 in July, beating experts' prediction that the number would fall. Full story >>
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For more on the manufacturing data, we have Professor Patrick Chovanec from the School of Economics and Management of Tsinghua University joining us in the studio.
1 Economists stress that China factors behind the US in its manufacturing figure. What's your take on that?
2 But the US Fed underscored investor concern that the US recovery is faltering. Could we say the strong data only gave us a break and it is too early to say the manufacturing has helped lead the economy out of the worst recession since the 1930s?
3 The US fed is once again standing on a crossroads of dual targets to retain prices and create jobs. Do you think more easing measures are imminent?