China manufacturing at nine-month low, HSBC survey says

[alp227]

Source: BBC

China's manufacturing activity fell to a nine-month low in August, a preliminary HSBC survey has shown.

The Purchasing Managers Index posted a reading of 47.8, compared with a final reading of 49.3 in July, HSBC said.

Anything below 50 indicates that manufacturing activity is contracting.

Some analysts said that the data indicates that government efforts to spur the world's second-largest economy have not boosted firms' confidence.

Read more: http://www.bbc.co.uk/news/business-19352775

[madrchsod]

1. i guess we ain`t buying enough stuff from china or...

the rest of south east asia including india is under cutting the price of chinese labor.

[physioex]

2. Acutally India and China are both getting expensive...

No worries, there are plenty of countries in Africa corporations could easily exploit.

[Suji to Seoul]

3. Inflation is killing the Chinese economy

People are massing money. Even I have noticed my RMB doesn't go as far as it did when I first moved to China in 2009.