China (Nasdaq: MTLQQ) Manufacturing Expands at Faster Pace, PMI Shows

Motors Liquidation Company ( Nasdaq: MTLQQ) was formed to liquidate the assets of General Motors Corp which filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. The Company On July 5, 2009 entered an order approving the sale of all of Motors Liquidation Company's assets to a new and independent company under section 363 of the Bankruptcy Code. The sale closed on July 10, 2009.

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Surging auto sales, driven by tax cuts and subsidies, are boosting manufacturing. Passenger-car purchases exceeded 1 million for the first time in September as General Motors Corp., the largest overseas automaker in China, reported that sales doubled. China will sustain its economic rebound this quarter and growth is likely to top the government’s 8 percent target for 2009, the central bank said Oct. 30. Policy makers need to “manage inflation expectations,” curb excess capacity and encourage sustainable lending growth, the central bank said in its report on the third-quarter economy. Billionaire investor George Soros said Oct. 30 in Budapest that China will be the “greatest winner” from the global financial crisis, with the U.S. losing the most, leading to a shift in their positions that exceeds expectations. Nobel Prize- winning economist Joseph Stiglitz said yesterday that emerging economies including China need to guard against “bubbles” caused by the surge in liquidity as governments around the world try to stimulate growth. The manufacturing index, released by the logistics federation and the Beijing-based National Bureau of Statistics, is based on replies to questionnaires sent to purchasing executives at more than 730 companies in 20 industries. It was instituted in January 2005.

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