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China's manufacturing sector, employment fall sharply

Eurozone crices in engulfing the whole world. its not only the China but India is also feeling the heat.
better the crises is resolved at the earliest.

I’m sorry but India is irrelevant to the world's economy: either Rupee down to the drainage or GDP to the south, no change in US stock. Now look at the indices in New York stock exchange. Damn it!


How US and China and EU are so intertwined!


The Romance of Three Kingdoms are among US, China and EU. Even Japan seems not vital.

Should China ever go to economic crises, US capitalism must shore up Chinese communism! Just as China did vs US economy.
 
WEAK AGAIN: China's HSBC PMI Falls To 48.4, 'Employment Down At Fastest Rate In 38 Months

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UPDATE
Another weak number out of China.
The HSBC PMI number fell to 48.4, down from 49.3 in April.
The number also fell short of the Flash/preliminary number of 48.7.
From Markit:
May data signalled a further modest deterioration in manufacturing sector operating conditions, largely reflective of a seventh successive month-on-month decline in overall new business. Job shedding persisted as a result, with the latest reduction in staff numbers the sharpest in more than three years. A renewed fall in purchasing activity was signalled by May’s survey, which in turn contributed to an improvement in vendor performance for the first time since July 2009. Meanwhile, average input costs fell at a solid rate, and selling prices decreased for the sixth time in the past seven months.
Key points:
New order and output indices post sub-50 readings
Employment down at fastest rate in 38 months
Input prices fall for first time since January
Click here for LIVE coverage of all of the global PMI reports >
ORIGINAL
Don't forget, China produces two manufacturing PMI numbers.
At 10:30 PM EST, we get HSBC's May PMI number.
Earlier this month, the Flash (or preliminary) HSBC PMI number came in at 48.7.
Earlier this evening, we got the official May PMI number, which fell to 50.4 from 53.3 last month. This was much worse than the 52 economists were expecting.
Markets instantly sold off on the news.


Read more: China HSBC PMI - Business Insider

Read more: China HSBC PMI - Business Insider
 
China Jan-Mar 2012 germanium and zirconium dioxide exports down 63.84%


China Jan-Mar 2012 germanium and zirconium dioxide exports down 63.84% - Metal-Pages

China - Sharply-slowing textile exports worry industry

New figures have showed that China's textile and garment exports slowed drastically in the first fourth months of this year as domestic companies worry about decreases in their market share overseas and inadequate support from consumption at home.

The export value of textile and garments in the January-April period stood at $71 billion, just 1.07 percent higher than a year ago, according to data released on Thursday by the China National Textile and Apparel Council (CNTAC).

The growth rate witnessed a sharp decline from the 27.05-percent rise registered in the first fourth months in 2011, judging by customs data.

Breaking the market down, exports of textile products grew only 0.15 percent to $30.73 billion, while garment exports increased 1.77 percent to $40.27 billion, the CNTAC data showed.

"The slowing exports were directly caused by higher domestic cotton prices," said CNTAC spokesman Sun Huaibin. The domestic price of 328-type cotton stood at 18,853 yuan ($2,974) per ton as of May 25, 5,460 yuan higher than its price in international markets.

The continuing price gap has weakened the competence of the domestic textile industry, Sun said, adding the nation's textile exports will face an even worse situation if the gap fails to narrow in future.

The spokesman said the disparity has also led to reduced market shares of Chinese textile and garment exports.

Along with rising labor costs at home in recent years, Chinese textile and garment products in major markets such as the United States and Japan fell to 35.58 percent and 72.03 percent, respectively, in the first quarter of 2012, down 4.55 and 2.92 percentage points year on year, Sun noted.

Meanwhile, according to the CNTAC data, China's textile exports to its third-largest trading partner, the Association of Southeast Asian Nations, grew only 2.69 percent in the January-April period, representing a drastic fall of 59.66 percentage points year on year.

The data also showed textile and garment imports by the United States, the EU and Japan dropped 6.55 percent in the first quarter, which added to the worries of Zhong Daguang, general manager of a garment company based in southern China's Guangdong province, who said his company has been getting fewer orders since the start of the year.

Li Jincai, president of the China Textile Construction and Planning Institute, said obstacles in foreign trade and lackluster domestic consumption are both having an impact on the status of the country's textile and garment industry, which supplied 32.71 percent of total exports worldwide in 2010.

At home, the situation is no less worrying. The CNTAC data showed the sales revenues of 36,700 surveyed textile companies hit 1,677 billion yuan in the first four months, up 13.11 percent; however, the growth rate plunged 17.43 percentage points year on year.

Slowing growth in both exports and domestic sales revenues slashed the first-quarter profits of the surveyed companies to 53.7 billion yuan, down 1.77 percent year on year, the data suggested.

Source: China Daily .

China - Sharply-slowing Textile Exports Worry Industry

China Industrial Companies’ Profits Decline 2.2% In April

Chinese industrial companies’ profits fell in April, a government report showed, as the nation’s slowing economy curbed demand.
Earnings declined 2.2 percent from a year earlier to 407.6 billion yuan ($64.2 billion), the National Bureau of Statistics said on its website yesterday. That compared with a 4.5 percent gain in March.

The deceleration in corporate profit growth underscores concerns that the slowdown in the world’s second-biggest economy is deepening. China’s State Council said on May 23 that downside risks to growth are increasing and the government will intensify “fine-tuning” policies as needed, signaling it may take more aggressive steps to support the nation’s expansion.
“China’s economy is slowing down, so profit growth will also be slower this year,” Lu Zhengwei, Shanghai-based chief economist at Industrial Bank Co., said before the release. “The pace may pick up a bit in coming months if the economy rebounds after policy easing filters through.”
Industrial profit growth for the full year is likely to be in a range of 10 percent to 20 percent, compared with 25.4 percent in 2011, Lu said.
Property Curbs
China’s economy may expand 7.9 percent this quarter from a year earlier, the least since 2009, a Bloomberg survey this month showed, as Europe’s debt crisis crimps exports and property curbs cool domestic demand. That’s down from an 8.1 percent pace in the first three months that was the fifth quarterly deceleration.
The government “must proactively take policies and measures to expand demand and to create a favorable policy environment for stable and relatively fast economic growth,” according to a government statement summarizing the State Council’s May 23 meeting.
A preliminary reading of HSBC’s China purchasing managers’ index released May 24 indicated manufacturing may contract for a seventh month, adding to signs that growth is weakening. The report followed data that showed industrial production in April rose the least since 2009 and new lending was the lowest this year.
Premier Wen Jiabao, while visiting a remote region in Hunan province, called for extra government support for the nation’s poorest areas, the official Xinhua News Agency reported yesterday. The country should speed up important infrastructure projects and improve health-care services in impoverished regions, Wen was cited as saying.
Steelmaker Losses
Industrial profit for the first four months fell 1.6 percent from a year earlier to 1.45 trillion yuan, yesterday’s statistics bureau report showed. That compared with a 1.3 percent drop in the first quarter. Sales in the period rose 12.7 percent to 27 trillion yuan, according to the data.
Baoshan Iron & Steel Co. (600019), which supplies half of China’s automobile steel, reported a larger-than-estimated 60 percent drop in first-quarter profit on slowing demand, according to a statement filed to the Shanghai stock exchange on April 27. Steelmakers in China, the world’s biggest producer, had combined losses of more than 1 billion yuan in the first quarter, China Iron and Steel Association data show.
China’s industrial-profit data cover companies in 41 industries. Starting last year, the statistics bureau raised the minimum annual sales for businesses included in the survey to 20 million yuan from 5 million yuan.
To contact Bloomberg News staff for this story: Zheng Lifei in Beijing at lzheng32@bloomberg.net

China Industrial Companies
 
china is showing higher growth because you are burning yourreserves to keep masses from revolt.
lets say there are 2 famlies running a small business.
when there is difficulty in the market family 1 takes a hit, their output is reduced to lesser than before and so they tighten their belts by spending lesse thus projecting to the others that they are going thru tougher times and so need to spend less.
family 2 is also hit by the same difficulties, but they spend their savings on buying things they dont really need and which is not a great investment for the future. because if they dont spend then the wife will walk out and children will riot. but the outside worl sees that this family seems very rich and tries to praise them. but family 2 know that this cant go on forever until the market turns better which is what they are hoping for.
on india, the issues now are policitcal in nature and NOT due to global causes. we can see through our leaders' lies because of our sytem , but you guys cannot.

In your first family, while they attempt to tighten their belt, they find their belt has already been tightened to limit. The result is some their children are starved to death, and others can’t afford to go school and ended up as useless illiterate – essentially human scum only good for internet fight. Thus the first family eventually becomes a failure, a laughing stock of its neighbors.


The second family wisely spends their saving when there is a need. Thus the children grow healthily and education is carried on as planned. Once the crises is over, the healthy and educated children help to enhance the overall wealth of the family and enlarge their hefty savings for future needs. This family becomes envy of its neighbors.


If you can see through your leaders lie, you still can't do anything about them. Otherwise how can you explain why about 30% your parliament members are criminal?
 
Great!! Indians now give up their terrible economy and turn to care for China.
What a lovely world.

This and many threads about China's economic slowdown posted by the Indians reminds me of a 100 m race where India at meter 20 ridicules China at meter 50. :D
 
Götterdämmerung;3000183 said:
This and many threads about China's economic slowdown posted by the Indians reminds me of a 100 m race where India at meter 20 ridicules China at meter 50. :D

Yes, when chinese, instead of running, constantly turn back and laugh at us Indians that we are still at meter 20. Finish the race first. You are still at 50 meters :P
 
I’m sorry but India is irrelevant to the world's economy: either Rupee down to the drainage or GDP to the south, no change in US stock. Now look at the indices in New York stock exchange. Damn it!


How US and China and EU are so intertwined!




The Romance of Three Kingdoms are among US, China and EU. Even Japan seems not vital.

Should China ever go to economic crises, US capitalism must shore up Chinese communism! Just as China did vs US economy.

I'm sorry but your post regarding this 'irrelevant' country in every other thread related to it suggests otherwise.
 
Yes, when chinese, instead of running, constantly turn back and laugh at us Indians that we are still at meter 20. Finish the race first. You are still at 50 meters :P

We have long finished the race and prepared for the next 200 m race with our Scandinavian neighbors in terms of social welfare and a more equitable society. :P
 
You sounded very sincere and honest in the beginning but somehow drifted later and finally back to the usual indian self, taking chance to insult others from behind. LOLOL.

This is exactly the attitude - where convenient generalizations are taken as the norm – that I hoped to challenge. It’s almost racist.

My arguments against generalizations terming indians as power hungry, rest on the implausibility of similar generalizations about other nations and their people.
 
Can't believe my eyes.....If you havn't seen the ecomomy dada ...You would think that it is India grow 8.1% and China slow to 5.3%.
Every Indian is worry about China's economy, pretend don't know their collape economy.
 
I'm sorry but your post regarding this 'irrelevant' country in every other thread related to it suggests otherwise.

Wrong perspective!

My posts only show how irrelevant the country is in world economy.
 

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