{"id":19393,"date":"2012-06-22T12:24:04","date_gmt":"2012-06-22T16:24:04","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=19393"},"modified":"2016-09-20T11:58:46","modified_gmt":"2016-09-20T15:58:46","slug":"chinas-manufacturing-slump-charting-the-trends","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2012\/06\/22\/chinas-manufacturing-slump-charting-the-trends\/","title":{"rendered":"China&#8217;s Manufacturing Slump &#8211; Charting The Trends"},"content":{"rendered":"<p>China is showing some very poor manufacturing data of late. The latest reading of the Flash PMI shows 8 months of contraction. With Europe on the ropes, the exports have been lagging and that flows down to the factory level. As the government had been purposefully slowing down the economy due to out of control inflation, the implosion in Europe probably was not calculated into their estimations. The result has been a much broader slowing <!--more-->of the economic engine.<\/p>\n<p><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/06\/chinaflash-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19411\" title=\"chinaflash\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2012\/06\/chinaflash-1.jpg\" alt=\"\" width=\"529\" height=\"300\" \/><\/a><\/p>\n<blockquote><p>June 21 (Bloomberg) &#8212; China\u2018s manufacturing may shrink for an eighth month in June, matching the streak during the global financial crisis in a signal the government\u2018s stimulus has yet to reverse the economy\u2018s slowdown. The 48.1 preliminary reading for a purchasing managers\u2018 index released by HSBC Holdings Plc and Markit Economics today compares with a final 48.4 for May. A reading above 50 indicates expansion. If confirmed on July 2, it would equal the run of below-50 readings from August 2008 to March 2009.<\/p>\n<p>The ruling Communist Party this month cut benchmark interest rates for the first time since 2008 after data showed the expansion is decelerating for a sixth straight quarter. President Hu Jintao said in comments published June 17 that he was confident China would maintain steady growth and the nation has taken \u201ctargeted measures\u201d\u009d to boost domestic demand.<\/p>\n<p>A quarterly central bank survey of 3,000 bankers in China, published June 19, found that 32 percent said monetary policy will be loosened next quarter, compared with 6.7 percent in the prior survey. About 68 percent of respondents deem current monetary policy \u201cappropriate,\u201d\u009d up 8.6 percentage points from the previous quarter.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>China is showing some very poor manufacturing data of late. The latest reading of the Flash PMI shows 8 months of contraction. With Europe on the ropes, the exports have been lagging and that flows down to the factory level. As the government had been purposefully slowing down the economy due to out of control [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481],"class_list":["post-19393","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=19393"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/19393\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=19393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=19393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=19393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}