Libertytree
24th February 2013, 09:06 PM
Like it's not plain to see that China's manufacturing is now dependent on US consumerism. The basic model is/has been a recipe for disaster, WTF were they thinking? (rhetorical)
http://news.yahoo.com/survey-shows-china-manufacturing-4-024024106.htmlSurvey shows China manufacturing at 4-month low as export orders decrease
BEIJING (AP) -- A survey shows China's manufacturing activity this month has declined to a four-month low in a reminder of possible threats to its shaky economic recovery.
HSBC Corp. said Monday the preliminary version of its purchasing managers index for February fell to 50.4 on a 100-point scale on which numbers above 50 show activity expanding. That was down from January's 52.3.
Growth in the world's second-largest economy rebounded in the final quarter of 2012 but analysts say a recovery will be gradual and could be vulnerable if trade or investment decline.
HSBC said its survey found export orders decreased while output and overall orders grew at a slower rate.
HSBC economist Hongbin Qu says in a statement that "the Chinese economy is still on track for a gradual recovery."
http://news.yahoo.com/survey-shows-china-manufacturing-4-024024106.htmlSurvey shows China manufacturing at 4-month low as export orders decrease
BEIJING (AP) -- A survey shows China's manufacturing activity this month has declined to a four-month low in a reminder of possible threats to its shaky economic recovery.
HSBC Corp. said Monday the preliminary version of its purchasing managers index for February fell to 50.4 on a 100-point scale on which numbers above 50 show activity expanding. That was down from January's 52.3.
Growth in the world's second-largest economy rebounded in the final quarter of 2012 but analysts say a recovery will be gradual and could be vulnerable if trade or investment decline.
HSBC said its survey found export orders decreased while output and overall orders grew at a slower rate.
HSBC economist Hongbin Qu says in a statement that "the Chinese economy is still on track for a gradual recovery."