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"China is back," says BofA's Ting Lu, excited about a 20% jump in profits at Chinese industrial...

Nov. 27, 2012 8:54 AM ETiShares China Large-Cap ETF (FXI)FXI, PGJ, CAF, GXC, FXP, FCHI, XPP, YAO, YINN, YANG, YXI, MCHI, TCHI-OLD, CXSE, GLCNBy: Stephen Alpher, SA News Editor
"China is back," says BofA's Ting Lu, excited about a 20% jump in profits at Chinese industrial companies. Industrial profits are a leading indicator of overall non-financial earnings, he says, so expect a turn in what have recently been negative Y/Y prints. Meanwhile, shares plumb new multi-year lows. FXI -0.7% premarket.

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