China’s Economy Catches Up with the World’s

[marmar]

from 24/7WallStreet:



China’s Economy Catches Up with the World’s
Posted: September 22, 2011 at 6:29 am


China’s economy could defy gravity for only so long. Based on the nation’s new PMI numbers, the global economic slowdown has undermined manufacturing there. This is likely to be the start of a slide that will take China’s expansion off it its 9% trajectory.

Numbers from HSBC’s China Manufacturing Purchasing Managers’ Index show that the preliminary version of the PMI’s output index fell to 49.2 in September. That is down from 50.2 in August, as well as below the 50 level that divides expansion from contraction.

China’s manufacturing numbers have remained relatively strong throughout the year. In the meantime, GDP growth in the U.S., UK and EU has been close to zero since mid-year. And the earthquake in March has hampered Japan’s economy. ..........(more)

The complete piece is at: http://247wallst.com/2011/09/22/china%e2%80%99s-economy-catches-up-with-the-world%e2%80%99s/#ixzz1YgYPImpL