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CHINA'S 611 IS COMING SOON!|
China's PMI according to Markit rose in October 2014 to 50.4 from 50.2 in September 2014.
There were sighs of relieve all around, that China's decline is stopped, somehow, even while the PBOC has continued its relentless and baseless revaluation of the Yuan, against the backdrop of a slowing economy, to 6.114 Yuan/USD.
This is economic suicide, and is entirely self-inflicted on China, by the PBOC.
China's current greatest security risk is that the PBOC may revalue the Yuan further to 6.11 Yuan/USD.
When the Renminbi exchange rate is raised to 6.11 RMB/USD, it is quite likely that the PMI of that month will fall below 50.0.
This will cause enormous changes in China's economy, and unemployment will skyrocket, even as workers uprisings and strikes are likely to ensue that will endanger the present government under the able leadership of Xi. It will set the stage for TAMII, when the RMB exchange rate reaches 6.11.