Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Chinese economy gets ‘green light’

by Tony Sagami on July 31, 2008

in Asian Market, Stock Market in China

The National Bureau of Statistics of China (NBSC) saidits macroeconomic early-warning index was 114.9, a ‘green light’zone of economic prosperity.

The NBSC has five classifications for the economy in the macroeconomic early-warning index. With 100 as the ideallevel, “red light” signifies the economy is overheated, “yellow” – somewhat hot, “green” – normal, “light blue” –somewhat cold, “blue” – too cold.

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