ABadManTing
Badges: 5
Rep:
? You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#1
Report Thread starter 5 years ago
#1
The Chinese industrial sector Purchasing Managers' Index (PMI), measuring factory orders, has slid to a five-month low, falling below the 50 mark, the National Bureau of Statistics of China said Monday.


BEIJING (Sputnik) — China's industrial PMI performed below expectations and fell to 49.9 in July from the June level of 50, which is the watershed between growth and contraction, according to the statistics bureau.


A US 100-dollar banknote with a portrait of Benjamin Franklin and Chinese 100-yuan banknotes with portrait of late Chinese Chairman Mao Zedong are seen in the picture illustration in Beijing, China


July figures are the lowest result since February. The index, which measures private sector company variables such as output, new orders, prices and employment, fell from 49.4 to 49.0 between January and February before rebounding. In January, the index reached its lowest point since August 2012 after sliding from December's 49.7.
In contrast, the country's services PMI jumped from 53.7 to 53.9 between June and July.


China's economy has recently been experienced significant turmoil, with growth rates at record lows, an increasingly volatile stock market and the yuan sliding against other currencies. In January, China reported its 2015 GDP increase to be the lowest in over 20 years.

Read More:
http://sputniknews.com/business/2016...ls-lowest.html
1
reply
IYGB
Badges: 11
Rep:
? You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#2
Report 5 years ago
#2
Don't believe the hype about the Chinese
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

How would you describe the quality of the digital skills you're taught at school?

Excellent (37)
9.39%
Okay (115)
29.19%
A bit lacking (150)
38.07%
Not good at all (92)
23.35%

Watched Threads

View All