Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

China Slowing -- Reliant Nations Could Be In Trouble

Recommended Posts

http://www.ft.com/cms/s/0/5c9e34ae-8bf0-11e0-854c-00144feab49a.html

Chinese manufacturing growth falters
By Simon Rabinovitch in Hong Kong and Jamil Anderlini in Beijing
Published: June 1 2011 03:40 | Last updated: June 1 2011 18:08
The world’s fastest-growing economy is slowing down – of that there can be little doubt. The question is whether other nations should be nervous or thankful.
The latest sign of an easing in China came in the purchasing managers’ index, a key gauge of manufacturing growth, which fell to 52 in May from 52.9 in April. The number remained above 50, signalling that the vast Chinese industrial sector was still expanding but at the slowest pace in nine months.
EDITOR’S CHOICE
Indian manufacturing growth slows - Jun-01.
The danger is clear. With developed markets still struggling to shake off the effects of the global financial crisis, economies from Brazil to New Zealand have become increasingly reliant on China as a locomotive of growth.
Fears that it was sputtering into a lower gear in recent months have dented global markets and weighed on commodity prices, which are particularly sensitive to the strength of Chinese demand. That was the case again on Wednesday, with European shares and commodities mostly down.
.

Perhaps we and the US are buying less tattersall which in turn is causing their slowdown. Looks like the slowdown has gone global and only a matter of time before the HPI juggernaut meets its Waterloo.

Share this post


Link to post
Share on other sites

Always thought this "Asian Tiger Economies" talk was crap, they are dependent on Western economies to want to buy the stuff they make and offshore services.

Basically it's been a parasitic relationship with China and India sucking wealth and jobs out of Western developed countries and returning nothing, thus the hosts are dying.

Wishful thinking about kick starting local consumption will probably fail or be insufficient as most people in these countries have seen hardship within their lifetime and sensibly prefer a healthy savings account as opposed to consuming.

Edited by madpenguin

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.