Realistbear Posted February 1, 2011 Share Posted February 1, 2011 http://uk.finance.yahoo.com/news/Chinese-manufacturing-slows-tele-1831392409.html?x=0 Chinese manufacturing slows but prices keep rising Emma "Em" Rowley, 18:29, Tuesday 1 February 2011 China's mammoth manufacturing sector slowed in January but prices kept climbing, official figures showed, indicating Beijing could step up efforts to rein in inflation still further. Activity at the country's factories fell to a five-month low of 52.9 from December's 53.9, according to the official purchasing managers' index (PMI), where a figure below 50 signals a contraction. The bigger-than-expected drop in the index suggested Beijing's efforts to fight high inflation through interest rate increases and tighter controls on credit are weighing down on the manufacturing boom. All good things eventually come to grief. Too much too soon in China's case. And all that smog they breath in! Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted February 1, 2011 Share Posted February 1, 2011 http://uk.finance.yahoo.com/news/Chinese-manufacturing-slows-tele-1831392409.html?x=0 Chinese manufacturing slows but prices keep rising Emma "Em" Rowley, 18:29, Tuesday 1 February 2011 China's mammoth manufacturing sector slowed in January but prices kept climbing, official figures showed, indicating Beijing could step up efforts to rein in inflation still further. Activity at the country's factories fell to a five-month low of 52.9 from December's 53.9, according to the official purchasing managers' index (PMI), where a figure below 50 signals a contraction. The bigger-than-expected drop in the index suggested Beijing's efforts to fight high inflation through interest rate increases and tighter controls on credit are weighing down on the manufacturing boom. All good things eventually come to grief. Too much too soon in China's case. And all that smog they breath in! Erm you realise it is Chun Yun in China right? 800 million people who work in the Chinese factories started going home to their villages about 1-2 weeks ago. The factories are mostly deserted the CCP is VERY strict about this holiday time for Chinese people. Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted February 1, 2011 Share Posted February 1, 2011 I have heard about Chinese factories cutting production/working week and having to run on diesel generators. Quote Link to comment Share on other sites More sharing options...
Misanthrope Posted February 1, 2011 Share Posted February 1, 2011 I have heard about Chinese factories cutting production/working week and having to run on diesel generators. Chinese authorities recently 'ordered' the shutdown of electricity to large swathes of the nation, to meet emissions targets. It was restored just before Christmas. Little known, it seems. Quote Link to comment Share on other sites More sharing options...
otters Posted February 1, 2011 Share Posted February 1, 2011 Maybe talking ****** but, with the Americans printing so much money are they able to buy commodities, thus inflating the price, which in turn will sqeeze the productivity of China? Just a thought. Quote Link to comment Share on other sites More sharing options...
MrPin Posted February 1, 2011 Share Posted February 1, 2011 A previously "controlled economy" can have little experience of economic cycles! It will bite them in the bum! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.