MercoPress. South Atlantic News Agency
Growing fears China is slowing down faster than estimated
China's manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers' Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed. Read full article
Comments
Disclaimer & comment rulesChina's long term economic prospects are still better than America's
Sep 04th, 2012 - 12:35 am - Link - Report abuse 01,
Sep 04th, 2012 - 01:36 am - Link - Report abuse 0Wrong by all accounts. China faces a demographic bomb in ten years when hundreds of million of chinese will begin to retire without pension funds and medical services enough to cover even ten percent of them. China will grow old before they get rich.
Psssssssssssssssssssssssssssssssssst your welfare cheques are starting to dry up
Sep 04th, 2012 - 03:24 am - Link - Report abuse 0Once again BK you fail in economics. China's propersity is tied to seeling to the USA and EU. As China slips, what do you think happens to south american exports to China?
Sep 04th, 2012 - 01:43 pm - Link - Report abuse 0It's in Macro Economics 101B
@4 Captain Poppy
Sep 04th, 2012 - 03:19 pm - Link - Report abuse 0But the Argie troll Blind_Scottie_Kirchnerist cannot bring himself EVER to criticize his commie mates even when anybody with half-a-brain can see the facts for themselves.
The Chin have fallen into the usual trap, just like Brasil, in thinking everything will keep expanding and the People of the Middle Kingdom will conquer the world.
Now they are finding out it is not that simple, just like Brasil.
Brazil is on yet another stimulus program not sure why since all the others failed but leftys think you can print and borrow your way to prosperity for some reason.
Sep 04th, 2012 - 05:57 pm - Link - Report abuse 0Chins is a huge problem for the world though. Their economy is horrific and if they fall much further they are going to have huge widespread riots. In the end it is good for the USA so let's see what happens in the next year or so.
I agree Yankee that if China continues to fall, that's good for the USA. I don't think that the CCP can handle or deal adequately with failure other than factional infighting. The economic climb that they've experienced do to some economic reforms is meaningless in the longrun with political reform. I think Chnia is in for an extended decline. The biggest indicators are the all the businesses that have flocked there are now leaving due to rising costs and fixed pricing. Businesses are constantly complaining of low quality, too much travel, communications problems, shipping delays, rising costs. American businesses are returning the the USA and other relocating to Malasia.
Sep 04th, 2012 - 06:22 pm - Link - Report abuse 0And as others may hate it....what's good for the USA winds up being good for the world. Like it or believe it or not, the USA has the worlds largest market with the worlds largest disposble income in the world.
No wonder they`re on the decline with all that crap they keep pumping out, I`ve never known such rubbish. If their ships are to the same standard the world has nothing to fear. ( They can`t even get a take-away right !)
Sep 04th, 2012 - 08:28 pm - Link - Report abuse 0Brilliant deep thinking gone into some comments on this article.I'm astounded to read such precise appraisals of a global downturn.I'm sure that the gurus will get us all out of this sooner or later and in time for china to be well placed to replace traditional producers and to increase the west's dependence on what the Chinese produce.
Sep 04th, 2012 - 09:31 pm - Link - Report abuse 0What might happen is that,discontent grows.Opposition groups form,get weapons from the USA,as happened in Libya.Usa buys more from Europe.China exports labour intensive products to pay for the arms they owe for and yankeeboy and poppy say 'told you RG's so'
Erm what can I say now .
9 Yuleno
Sep 04th, 2012 - 09:40 pm - Link - Report abuse 0If I were you, and as an atheist 'thank God I am not' I would shut up while you are behind.
Yuleno....your style is changing.......did your writers go from dram to comedy? If you're allowed to read anything from outside of argentina as we know books and reading material can't be imported, you would know that businesses are leaving China.....period! And that's a fact. I understand as a fellow communist that is alarming being they are south america's tit to feed on for survival.
Sep 05th, 2012 - 12:42 am - Link - Report abuse 0Commenting for this story is now closed.
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