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China’s industrial sector shows more negative signs in August

Publish Date23/08/2012 03:25:52 AM

Last Update23/08/2012 06:05:37 AM

China’s industrial sector shows more negative signs in August

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.

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