NEW YORK ( TheStreet) -- Two weeks ago, China hiked interest rates for the first time in three years. Nobody had seen it coming. Up to that moment, investors believed that the country would not upset the world's apple cart, even with its hot-running 9%- to- 10% GDP.Yet they did indeed raise rates on Oct. 19. The People's Bank probably felt that with assets 30% higher than the summertime lows, it was time to cool the speculative appreciation of assets. (How ironic is it that China's robust growth requires rate hikes, whereas anemic U.S. growth means a second round of quantitative easing?)
3 ETFs to Gain From China's Manufacturing Growth
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