Published on Sep 3, 2012 by NTDTV
Slow global orders are being felt in China's manufacturing sector. After preliminary surveys suggested a dip in manufacturing output, official numbers have confirmed it.
On Saturday, the National Bureau of Statistics released the Purchasing Manager's Index for August. It dropped to 47.6 points, down from 49.3 in July. The figure is at its lowest since March, 2009. A figure below 50 means manufacturing has contracted, rather than expanded.
Hong Kong-based researcher Shen Minggao expects Chinese regulators in introduce measures to prevent further slowdowns, but not all the measures will be effective.
...On Saturday, the National Bureau of Statistics released the Purchasing Manager's Index for August. It dropped to 47.6 points, down from 49.3 in July. The figure is at its lowest since March, 2009. A figure below 50 means manufacturing has contracted, rather than expanded.
Hong Kong-based researcher Shen Minggao expects Chinese regulators in introduce measures to prevent further slowdowns, but not all the measures will be effective.
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