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Sunday, August 01, 2010

Chinese Economy

The news is Chinese Economy has slowing down due to property tightening measures.Government has considerably reduced the rate of credit and broad money. Pressure will be on Beijing if Euro area and US becomes weak in export area and this may damage the china export a lot. The index of new export order fell dip to 51.2 in july then 51.7 in june.Index of stocks of finished goods fell below 50, the Logistic body which complies the index on behalf of the National Bureu of Statistics said the PMI's (purchasing managers index) of electronics metals and general machinery were above 50 but ferrous and non-ferrous metals, rubbers plastics were all below 50 and so were the indexes of materials and energy related enterprises.

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