China's manufacturing PMI missed expectations, coming in at 50.8 rather than 51.1. This is also down from September's read of 51.2. Remember that any number lower than 50 in this metric suggests a contracting economy. So this is bad. What people watching the China slow down have been hoping for is some consistancy here.
BING NEWS:
- Why China Keeps Making More Cars Than It Needs
Despite overcapacity, government officials keep supporting automakers, unleashing “new productive forces” and adding to trade tensions.
04/27/2024 - 5:05 pm | View Link - US Pacific commander says China is pursuing ‘boiling frog’ strategy
The commander of US forces in the Indo-Pacific region has accused China of pursuing a “boiling frog” strategy, raising tensions in the region with increasingly dangerous military activity.
04/27/2024 - 5:00 pm | View Link - More
- China warns U.S. of 'downward spiral' as Antony Blinken meets with Xi ...
“China’s legitimate development rights have been unreasonably suppressed and our core interests are facing challenges,” Wang said, in an apparent reference to U.S. export controls and other ...
04/27/2024 - 3:24 am | View Link - China
China, officially the People's Republic of China (PRC), is a country in East Asia. With a population exceeding 1.4 billion, it is the world's second-most populous country. China spans the equivalent of five time zones and borders fourteen countries by land.
04/26/2024 - 12:37 pm | View Link - China country profile
25 August 2023. China is one of the world's most populous countries. It has a continuous culture stretching back nearly 4,000 years and originated many of the foundations of the modern world.
04/26/2024 - 8:12 am | View Link - China
China, officially the People's Republic of China (PRC), is a country in East Asia. With a population exceeding 1.4 billion, it is the world's second-most populous country. China spans the equivalent of five time zones and borders fourteen countries by land.
04/26/2024 - 7:08 am | View Link - Choose between stability and ‘downward spiral,’ China tells Blinken ...
Chinese leader Xi Jinping said the US and China should be “partners rather than adversaries” as he met with top American diplomat Antony Blinken in Beijing’s cavernous Great Hall of the ...
04/26/2024 - 12:05 am | View Link - More
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