Survey finds Chinese manufacturing worsening

[girl gone mad]

Survey finds Chinese manufacturing worsening
http://finance.yahoo.com/news/Survey-finds-Chinese-apf-14808967.html/print">Yahoo Finance

BEIJING (AP) -- The contraction in China's manufacturing worsened in March as the global downturn battered trade, data showed Wednesday, and President Hu Jintao said problems due to the crisis are growing as he left for a London economic summit.

The monthly purchasing managers index by brokerage CLSA Asia-Pacific Markets showed manufacturing shrank for an eighth month in March. Based on a survey of some 400 companies, the index fell to 44.8, down from February's 45.1, on a scale where numbers below 50 show activity is shrinking.

"Business conditions at Chinese manufacturers continued to deteriorate at a marked rate in March," Hong Kong-based CLSA said in a statement. It said companies cut more jobs as orders declined.

The data suggested China is still mired in a slump despite a huge government stimulus and optimistic statements by Premier Wen Jiabao and other officials. The central bank said last week the decline appeared to be slowing and data point to a recovery.

Manufacturing, which accounts for about 40 percent of China's economy, has been battered by a collapse in exports and weaker Chinese consumer sales. The government says 20 million migrant laborers have been thrown out of work, and communist leaders worry that further job losses could fuel unrest.

[murielm99]

1. By worsening, I thought you meant that the quality of their

already crappy stuff was deteriorating and becoming more toxic and harmful. Maybe that is happening, too.

I have a hard time feeling sorry for them, after poisoning so many pets and babies, and producing so many toys containing high levels of lead.

[MindPilot]

2. cry me a river....

:nopity:

[ixion]

3. The vast majority of products produced by their mfg sector are garbage

and I mean barely-get-it-out-of-the-box-and-it-falls-apart garbage. Flimsy construction, poor-quality materials.

This is a good lesson for them on their journey to being a producer: if you make crap, people will not buy it if they have a choice.

This is capitalism in it's most pure form.

:nopity:

[Po_d Mainiac]

4. This would be a non issue

If we weren't so dependent upon foreign investors to float our debt.

http://www.treas.gov/tic/mfh.txt

[blue97keet]

5. Our debt is about as worthless as their worthless toxic crap

so it looks like everybody did a Bernie Madoff on everybody else. The entire world economy is a giant Ponzi scheme engineered by so-called "free trade".

[OhioChick]

6. May I join the symphony?

:nopity: