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China Manufacturing Slips Back Into Contraction

IMG Auteur
Publié le 23 mai 2013
151 mots - Temps de lecture : moins d'une minute
( 2 votes, 2,5/5 ) , 1 commentaire
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Rubrique : Opinions et Analyses

The HSBC Flash China Manufacturing PMI™ shows China Manufacturing Slips Back Into Contraction.

Key Points

  • Flash China Manufacturing PMI™ at 49.6 (50.4 in April). Seven-month low.
  • Flash China Manufacturing Output Index at 51.0 (51.1 in April). Three-month low.



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Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds. A sequential slowdown is likely in the middle of 2Q, casting downside risk to China’s fragile growth recovery. Moreover, the further signs of labour market slackness call for more policy support. Beijing still has fiscal ammunition to do so."
Comment on the Comment

Economic illiterates call for more "policy support" month after month. Such "support" is about to wreck Japan and the fools do not see it.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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"Economic illiterates call for more "policy support" month after month. Such "support" is about to wreck Japan and the fools do not see it."
As well as the US, China and the EU.
All it takes is one bit of irrefutable evidence to prove the whole shebang is wrong. Truth is self evident and requires no massive budget to prove itself. But who are you gonna believe? _______________ (fill in the blank) or your lying eyes.

Once again we agree. But never forget, the second mouse always gets to eat the cheese.
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"Economic illiterates call for more "policy support" month after month. Such "support" is about to wreck Japan and the fools do not see it." As well as the US, China and the EU. All it takes is one bit of irrefutable evidence to prove the whole shebang i  Lire la suite
overtheedge - 23/05/2013 à 08:04 GMT
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