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flixya, China factory PMI raises doubts about economy's stre

flixya, China factory PMI raises doubts about economy's stre

article code 85230150609 CH, the haney group http://www.flixya.com/blog/5273597/the-haney-group-China-factory-PMI-raises-doubts-about-economys-strength (Reuters) - Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter. The official purchasing managers' index (PMI) fell to 50.6 in April from an 11-month high in March of 50.9. Analysts had expected the April PMI to be 51.0. The pull back on the official PMI mirrored a similar decline in a preliminary HSBC PMI last week, suggesting China's exports engine faces headwinds from the euro zone recession and sluggish growth in the United States. China's new government has signaled it will step up infrastructure investment, which analysts said will provide support for the economy in the second quarter. "Overall, my general feel is that China is growing but slower than people expected say a month ago," said Alvin Pontoh, economist at TDSecurities in Singapore. "But I don't think this is reason for alarm... this is probably what the new administration is looking for. Structurally, China cannot grow at 9 or 10 percent any more, so over the next few years, you'd reasonably expect growth to edge lower to say 7 percent or so"… VISIT THE LINK TO READ MORE: http://www.reuters.com/article/2013/05/01/us-china-economy-pmi-idUSBRE94001U20130501

307 views • 6 slides


flixya, China factory PMI raises doubts about economy's stre

flixya, China factory PMI raises doubts about economy's stre

article code 85230150609 CH, the haney group http://www.flixya.com/blog/5273597/the-haney-group-China-factory-PMI-raises-doubts-about-economys-strength (Reuters) - Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter. The official purchasing managers' index (PMI) fell to 50.6 in April from an 11-month high in March of 50.9. Analysts had expected the April PMI to be 51.0. The pull back on the official PMI mirrored a similar decline in a preliminary HSBC PMI last week, suggesting China's exports engine faces headwinds from the euro zone recession and sluggish growth in the United States. China's new government has signaled it will step up infrastructure investment, which analysts said will provide support for the economy in the second quarter. "Overall, my general feel is that China is growing but slower than people expected say a month ago," said Alvin Pontoh, economist at TDSecurities in Singapore. "But I don't think this is reason for alarm... this is probably what the new administration is looking for. Structurally, China cannot grow at 9 or 10 percent any more, so over the next few years, you'd reasonably expect growth to edge lower to say 7 percent or so"… VISIT THE LINK TO READ MORE: http://www.reuters.com/article/2013/05/01/us-china-economy-pmi-idUSBRE94001U20130501 the haney group

335 views • 6 slides


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