China's manufacturing sector contracted in March, according to private survey

Tuesday, March 25th 2014 - 23:09 UTC

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China's manufacturing sector showed further contraction in March, according to a new report which mainly tracks activity in smaller factories. The HSBC Purchasing Managers' Index (PMI) gave a reading of 48.1 for March, compared to 48.5 in February. Read full article

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Anglotino
Second largest monthly trade deficit in 30 years.

China's average annual growth was 9.2% between 1989 and 2013. However it has been 8 quarters since it broke above 8% and it is trending to sub-7%.

Seems the path to economic superpowerdom isn't as smooth and quick as predicted.
Mar 26th, 2014 - 02:32 am - Link - Report abuse 0
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yankeeboy
Add in a few bank runs, some terrorists killings and some huge defaults it looks like the China dream is coming to an abrupt end.
I've said for a long time the huge reserves aren't enough to get them through a downturn. There are too many mouths to feed there and their economic growth is not real.
You can only have make work projects for so long before they all collapse.
Mar 26th, 2014 - 10:43 am - Link - Report abuse 0
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ChrisR
I bet the index stated by ChINDEC will be 50.1% this time!
Mar 26th, 2014 - 11:58 am - Link - Report abuse 0
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CabezaDura2
1) Suppose if you are slimm with very few body mass... You decide to go and start the gym today you will see that as you come on all the big guys are all beefed up lets say they are fixing musle fibre at 0.5% a month.

When you start over you will have very few muscles, but as you begin exercising your rates in which you develop are far more faster than the already pumped up guys say 6 or 7% a month. There will be a time that eventually you build up you will start to grow slower and slower rates 3% then 1,5% and then below digit figures after years of exercises. It works exactly the same in national economics.

I believe the same thing has happaned to China in the last 30 years and perhaps its started to slow down in the last decade and has being using acccumulated wealth to show off itself as a unstopable economic powerhouse when in reality it should be evolving into more developed stages.
Mar 26th, 2014 - 02:56 pm - Link - Report abuse 0
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