| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
FSN: China PMI barely Above Contraction; Chinese Stocks Slump as Manufacturing Slows
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Mike Shedlock
MISH’S Global Economic Trend Analysis
Bloomberg reports Chinese Stocks Slump Most in Three Weeks as Manufacturing Slows
China’s stocks fell, dragging the benchmark index down the most in three weeks, as data showed the country’s manufacturing growing at a slower pace.
The Shanghai Composite has slumped 9.7 percent from a Feb. 6 high, on concern slowing growth will hurt earnings. China’s economy expanded 7.7 percent in the first quarter, missing estimates, as industrial production and fixed-asset investments in March fell short of forecasts. Rising Chinese home prices may limit scope for stimulus as President Xi Jinping seeks to prevent a real-estate bubble.
Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…
2013-04-23 06:45:06
Source:
