Chinese policy makers have been saying since February that two-way swings in the yuan are the “new norm.” A surprise surge in the currency shows that they mean it.
China’s third-quarter economic growth may “surprise on the upside,” with gross domestic product rising 9.7 percent from year-ago levels, according to Barclays Plc.
China’s stocks rose, sending the benchmark index to its biggest two-day gain since November, amid speculation the government will take further steps to bolster the economy after a manufacturing index unexpectedly fell.
"Overall, although the improvement in the PMI is reassuring, the drivers of growth continue to come from the external sector."
- Jian Chang on Oct 22, 2014