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China's manufacturing sector, employment fall sharply

At least our manufacturing sector is still expanding faster than the rest of the world, though slower than we were last year.

Whereas India's manufacturing sector is actually shrinking. :cheesy:
The shrink is only i the dollar figure idiot........:lol:
In Rs we have registered a 7.6% growth;)
And our exports have grown almost 20% !!
 
Funny here also we are talking Indian economy.....obsession and insane at it best
 
haha and dats all you had left to say because you know that over here in this thread you are being humiliated ... as you guys claimed to be beter than China o_O
as for your reply this is your condition
forever-alone-girl.png
 
India Huge Trade deficit widens as April export growth slows

2-6-2012

Exports grew a mere 3.2 per cent in April to $24.45 billion over $23.69 billion in corresponding period last year. In rupee terms, the growth stood at 20.54 per cent. Imports in April were up 3.8 per cent at $37.8 billion, resulting in a higher trade deficit of $13.48 billion.

Trade deficit widens as April export growth slows to 3.2%

India's Trade Deficit Hits Record $185 Billion

India’s trade deficit soared to $185 billion in fiscal 2011-12. “This is the highest ever trade deficit and is a serious concern,” Commerce Secretary Rahul Khullar said in New Delhi, releasing the latest provisional trade figures.
 
One has to give credit where credit is due. No one knows me as a big fan of China. But the fact is that their growth has gone on the back of manufacturing which can help sustain a population of over a billion. India's growth, while commendable has been in non-manufacturing sectors and thereby only the top 5% of the population or at most 10% of the population drives this growth resulting in a societal schism.
 
STOP BICKERING EVERYBODY IF CHINA, INDIA, THE US, EUROPE FALTERS THE WORLD ECONOMY IS $CREWED, THIS IS NOT A D$CK MEASURING CONTEST, MOST ASIAN ECONOMIES ARE INTERLINKED, ONE FAILS ALL ARE AFFECTED.


- China's slowdown worsened in May as its factories saw a further deterioration in demand at home and abroad, dealing a new blow to a global economy struggling with a sharp downturn in Europe and a faltering recovery in the United States.
The darkening outlook was underlined by data showing the fourth monthly decline this year in exports from South Korea, the first major economy to report May numbers, as shipments to the United States, Europe and China all fell.
Equities, the euro and growth-linked currencies all fell after Friday's gloomy data, which followed reports on Thursday showing India's growth at its weakest in nine years.

Manufacturing surveys from Europe later are not expected to offer much comfort, while investors' jitters over the key U.S. non-farm payrolls report, due at 1230 GMT, have been rising since a separate report on Thursday showed U.S. private employers created fewer jobs than expected last month.

"I don't think Friday's numbers are going to be any better. It's been a dismal week so far, and we haven't hit bottom," said Jim Ritterbusch, president at oil trading advisory firm Ritterbusch & Associates.

Declines in two gauges of China's manufacturing sector were particularly worrying for investors looking to the world's second biggest economy - the main engine of global growth in recent years - to pick up the slack created by Europe's debt crisis and the sluggish U.S. economy.

China's annual economic growth is expected by analysts to fall to 7.9 percent in the second quarter, the first dip below 8 percent since 2009. That could pile pressure on authorities to take further policy action to support growth.
"What's really worrying is new orders have started to shrink and inventories have started to build up at an unusually fast pace," said Dariusz Kowalczyk, senior economist and strategist at Credit Agricole CIB in Hong Kong.
"Growth in Q2 is likely to slow, probably below 7.5 percent year-on-year. That puts the annual growth target at risk and the risks continue to increase because the external environment is weakening."



OUTPUT WEAKENS
China's official purchasing managers' index - covering China's biggest, mainly state-backed firms - fell more than expected to 50.4 in May, the weakest reading this year and down from April's 13-month high, with output at its lowest since November 2011.
The separate HSBC China manufacturing PMI, tracking smaller private sector firms, retreated to 48.4 from 49.3 in April - its seventh straight month below the 50-mark that demarcates expansion from contraction - with the employment sub-index falling to 48.1, its lowest level since March 2009.
The euro fell to a 23-month low after the data and the Australian dollar, highly sensitive to expectations of Chinese demand for commodities, hit an eight-month low. Japanese shares were heading for a ninth straight week of losses, matching its longest such run in 20 years. (MKTS/GLOB)

China's yuan was little changed, after suffering its biggest monthly drop on record in May.
A slower growth outlook for China added to concerns facing fellow Asian industrial powerhouse South Korea, which has seen Europe's wrenching debt crisis sap demand for its exports.

Data released on Friday showed that exports fell 0.4 percent in May from a year ago, less than expected in a Reuters poll of economists, as demand in the Middle East and Latin America was offset by sharp falls in the United States, Europe and China.
"Given the prevailing view that the euro zone fiscal crisis won't be solved in the short term, we are concerned that exports to China will remain weak for some time," Deputy Trade Minister Han Jin-hyun said at a briefing after the data was released.

The weak export data prompted investment banks to warn that the South Korean government's forecast of 3.7 percent economic growth this year looked to be overly optimistic.

"Absent a vigorous export recovery, 2012 is shaping up as a year of sub-trend growth," said ING economist Tim Condon.
Taiwan's HSBC May PMI showed a second straight month of slowing expansion, with a reading of 50.5 compared with 51.2 in April.


PAYROLL JITTERS
India's manufacturing sector held up better, with a survey showing factories kept up a steady rate of expansion in May, with fast-rising output evened out by slowing growth of domestic order books.
The HSBC manufacturing PMI, compiled by Markit, eased marginally to 54.8 in May from 54.9 in April. It has stayed above the 50 mark for a little over three years.
While the survey indicated moderate growth in India's dominant manufacturing sector, question marks remain about the underlying weakness in the wider economy.
Official data on Thursday showed India's economy grew 5.3 percent in the quarter to March, the slowest pace in nine years.
Among the data due from Europe later are PMI reports for Italy, France, Germany and the euro zone as a whole, with polls forecasting all to remain deep in contractionary territory.
Economists forecast the U.S. employment report for May to show non-farm payrolls increased 150,000, up from a paltry 115,000 in April.
Investors were alarmed by a report from payrolls processor ADP showing private employers created 133,000 jobs in May, only a slight rise from April's tepid increase of 113,000 and below economists' expectations for a gain of 148,000.

China slowdown worsens amid signs U.S. losing steam - Yahoo! Finance
 
Actually democracy is far better!!
In a democracy we don't have the chance of govt rolling tanks over us.......:agree:
tiananmen-square-1989.jpg
what a brainwashed tool, lol```keep showing this tank picture over and over again, whereas that guy infront the tank still lives today, the tank never roll over anyone``but ignorant and naive indians believe so```

and the reason your indian government wont use tank roll over poor indians are because it involes fuel costs, so your cheap feudal government just starve them to death``so no money wasted `lol
 
I feel sad for the OP of this thread. He googles everyday for anti-China News hoping to make China look stupid but yet it backfired because India is in a WORSE condition when compared to China.

This is why they came second last in education test and scored only 81 in iq test, they just dont get it do they? how can they india can tell us anything good when their country is atleast 20 years behind china.
 
This is why they came second last in education test and scored only 81 in iq test, they just dont get it do they? how can they india can tell us anything good when their country is atleast 20 years behind china.
This the zillionth time you have pasted this same argument.....man come up with knew one...enlighten us...:shout:
 
Actually democracy is far better!!
In a democracy we don't have the chance of govt rolling tanks over us.......:agree:
tiananmen-square-1989.jpg

Only your type of democrazily trained fre@king eyes would conclude the tanks “rolling over” this guy.


Many Indians are love to joining world chorus of lying. :tdown:


In fact, Chinese retired president Jiang Zeming confirmed with CBS Mike Wallace that this demonstrator walked away alive.

This picture demonstrates how benevolent the PLA tanks are compared with India ruthless Golden Temple massacre where thousands were murdered…
 
Only your type of democrazily trained fre@king eyes would conclude the tanks “rolling over” this guy.


Many Indians are love to joining world chorus of lying. :tdown:


In fact, Chinese retired president Jiang Zeming confirmed with CBS Mike Wallace that this demonstrator walked away alive.

This picture demonstrates how benevolent the PLA tanks are compared with India ruthless Golden Temple massacre where thousands were murdered…

And you demonstrate how to fart a lie.
 

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