News from across the continent
23/08/2012 03:25:52 AM
22/08/2012 06:40:05 PM
22/08/2012 12:21:56 PM
22/08/2012 10:33:08 AM
22/08/2012 12:22:12 AM
21/08/2012 12:04:15 PM
21/08/2012 09:14:20 AM
21/08/2012 06:15:27 AM
Publish Date23/08/2012 03:25:52 AM
Last Update23/08/2012 06:05:37 AM
China’s industrial sector showed more negative signs in August, as some inflation threats materialized.
The HSBC Flash Manufacturing PMI fell to 47.8 in August compared with the previous reading of 49.3.
China is facing many obstacles mainly the noticeable decline in exports and the drop in new loans levels in June.
Thereby, China’s government is trying to support the nation’s growth by lowering the interest rates and the reserve cash requirements for banks as well as pumping money into the market.
China is now expected to witness further slowdown and slower growth according to the current indicators.
Now it became very difficult to achieve their growth goals rates which are above 10%.
The People’s Bank of China is waiting for the affect of the previous easing measures before taking further actions to spur the nation’s economy.
The central bank is still trying to make equilibrium between stimulus plans and inflation.
Opinions expressed at ICN.com are those of the individual authors and do not necessarily represent the opinion of ICN.com or its management, shareholders, affiliates and subsidiaries. ICN.com has not verified the accuracy of any claim or statement made by any independent writer and is reserved as their own and ICN.com is not accountable for their input. Any opinions, news, research, analysis, prices or other information contained on this website, by ICN.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ICN.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market prices, meaning prices are indicative and not appropriate for trading purposes. ICN.com does not bear any responsibility for any trading losses you might incur as a result of using this data.
©2012 ICN.COM. ALL RIGHTS RESERVED