2012年9月30日星期日
lv wallets The last time China's vast manufacturing sector had conditions like those in August it wa
The last time China's vast manufacturing sector had conditions like those in August it was March 2009 and the economy was about to rebound from the global financial crisis.,louis vuitton sunglasses for men
An employee works at the production line of a textile mill in Aksu, Xinjiang Uighur Autonomous Region July 25, 2012. REUTERS/Stringer
This time around analysts are not so certain a clear recovery for the major global growth engine will come anytime soon.
In fact, two purchasing managers' indexes showed new orders are falling, adding to other evidence that suggests a slide in economic growth for the world's second-biggest economy is deepening, pushing back expectations for when a rebound may occur.
"It's quite clear we have a pretty rotten industrial cycle coming on. I don't see it getting a whole lot worse... but I don't expect them to get back for a long, long time," said Arthur Kroeber,discount louis vuitton, managing director of GK Dragonomics in Beijing.
"I see things bouncing along at the bottom of the cycle."
An HSBC purchasing managers' index released on Monday fell to 47.6 in August, its lowest reading since March 2009 and a similar survey by the National Bureau of Statistics on Saturday showed the manufacturing sector shrinking for the first time since November.
A reading below 50 points to contraction, while one above 50 indicates expansion.
Still,ray ban sunglasses cheap, the HSBC PMI adds to other figures that suggest the economy is revisiting 2009. Industrial output growth in July rose at its weakest pace since 2009 and exports were rising at their lowest trajectory since that year, excluding a fall in January.
The Shanghai stock market has slumped almost 18 percent from this year's highs to levels last seen in March 2009.
Second-quarter 2012 GDP figures, the latest available, showed economic growth running at its slowest pace since the first quarter of 2009, reflecting domestic property market curbs and weak exports demand from Europe where fears of a recession are mounting.
In March 2009, the clank of construction hammers began again in Beijing after months of silence. Internationally, markets began a sharp rebound after policymakers in major countries flooded their economies with cash to extract themselves from the crisis spurred by the collapse of Lehman Brothers.
SLIP-SLIDING AWAY
In March 2009, the Chinese economy was recovering from a far worse crisis, in part thanks to a huge 4 trillion yuan ($630 billion) stimulus package put in place by Beijing.
Growth in the March quarter of 2009 hit 6.1 percent. Second quarter growth this year is the lowest since then but was still much higher at 7.6 percent.
Still, the picture today is of an economy slipping into a deeper-than-expected slowdown, in part thanks to the consequences of the stimulus package, which fired up inflation and the real estate market.
Central government curbs on real estate to calm prices and support a policy of affordable housing have combined with the impact of the European debt crisis on global demand to drag China's economic growth down.
相关的主题文章：
订阅：
博文评论 (Atom)
没有评论:
发表评论