25 November, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile

mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato

e-mail this to a friend printable version

» 06/21/2012
Chinese Manufacturing falls in June for the eighth consecutive month
In June the PMI fell to 48.1 (in May it was at 48.4), domestic demand is rising very slowly, although there are many promises made by leadership

Beijing (AsiaNews) - For the eighth consecutive month, the industrial sector has declined, with a decrease in foreign orders. The figures were issued today by the authoritative HSBC Flash Purchasing Managers Index, according to which the Chinese PMI for the month of June fell to 48.1. In May it was 48.4. For the eighth consecutive month, the PMI is thus below 50: anything above this figure is a sign of growth, below 50 is a sign of contraction.

Today's figures contrast with comments made by Chinese leaders. On June 17, President Hu Jintao said the country has taken "targeted measures" to support domestic demand. China's problem is that its economy still relies heavily on exports. Because of the crisis in Europe and the United States, exports have fallen.

To sustain domestic demand, last May Beijing opened to private investment a number of sectors that formerly had been monopolized by the state, such as railways, hospitals, power plants and energy transmission. It also launched a new wave of infrastructure projects and this month has once again cut interest rates.

The PMI of HSBC does not often coincide with the official one. The reason is that the government takes into account more the state companies; HSBC's estimate is based more on private companies, which feel the crisis more than state companies, that are funded more easily.



e-mail this to a friend printable version

See also
09/28/2011 CHINA
Chinese Banks Close to Collapse. Fears of zero growth
11/26/2012 CHINA
The yuan reaches a 19-year high. More optimistic forecasts for China
11/24/2010 CHINA
Chinese banks reach lending ceiling
08/21/2009 CHINA
Bank loans and China’s economy recovery: risk of a speculative bubble?
03/11/2008 Asia
Fears of an economic tsunami grow, especially in Asia
by Maurizio d’Orlando

Editor's choices
Paris Massacre highlights the failure of Muslim integration in Europe
by Catherine FieldThe attack in the heart of France highlights the crisis of Europe’s model of coexistence. Social unrest, poverty and marginalisation feed youth extremism and radicalisation. A New Zealander journalist, expert on expertise in religion and interfaith dialogue, talks about it after undertaking a journey through the French Muslim world.
For Nîmes imam, Islam should not be held hostage by extremists
by Hochine DrouicheFrench imams condemn the Paris terrorist attacks and disassociate themselves from violence committed in "the name of our religion." At the same time, they ask Muslim communities to dare leading a life of dialogue and friendship with Europeans, without fear or arrogance. For centuries, Muslims have ruled out reason from their religious life. The vice president of French imams bears witness.
AsiaNews marks 12 years: Persecution and hope
by Bernardo CervelleraDespite a worldwide increase of ignorance, indifference and superficiality, many signs of love and hope resist even in the most gloomy situations: the Iraqi mother who gives birth to her child in a refugee camp and smiles even though she has nothing; the Indonesian Muslim mother who blesses her son who became a Christian and a priest; the Chinese Christian families that welcome children thrown away because of the one-child law.


Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.