Subscribe to RSS feedChinese manufacturing fall sparks concerns
CONCERNS over the slowing dry bulk market and the sustainability of the container recovery will be further heightened by new figures indicating that China’s manufacturing declined in July for the first time since early 2009 as the Chinese Government tightened the economy to control inflation.
The independent HSBC China Manufacturing Purchasing Managers Index, which is widely respected as an accurate indicator, fell to 49.4 in July from 50.4 a month earlier. Dropping below 50 indicates that manufacturing contracted, the first time it has fallen below...
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