This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-15978863
The article has changed 5 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| China's manufacturing activity falls to a 32-month low | China's manufacturing activity falls to a 32-month low |
| (about 6 hours later) | |
| China'a manufacturing activity fell to a 32-month low in November, hurt by a slowdown in the global economy. | China'a manufacturing activity fell to a 32-month low in November, hurt by a slowdown in the global economy. |
| China's official Purchasing Managers Index (PMI) fell to 49.0 in November, the lowest level since March 2009. | China's official Purchasing Managers Index (PMI) fell to 49.0 in November, the lowest level since March 2009. |
| The industry survey data comes amid concerns that a slowdown in the global economy may dent demand for Chinese goods and hurt its economy. | The industry survey data comes amid concerns that a slowdown in the global economy may dent demand for Chinese goods and hurt its economy. |
| PMI is a key indicator of manufacturing activity and a reading below 50 shows contraction. | PMI is a key indicator of manufacturing activity and a reading below 50 shows contraction. |
| This is the first time in almost three years that the figure has fallen below the crucial 50 mark. | |
| "The November PMI dropped further to below the boom-bust line of 50... indicates that the economic growth pace would continue to moderate in the future," said Zhang Liqun, a researcher with the Development Research Centre of the State Council. | "The November PMI dropped further to below the boom-bust line of 50... indicates that the economic growth pace would continue to moderate in the future," said Zhang Liqun, a researcher with the Development Research Centre of the State Council. |
| Slowing demand | Slowing demand |
| The success of its manufacturing sector has been key to China's economic growth in the past few years. | The success of its manufacturing sector has been key to China's economic growth in the past few years. |
| However, recent economic problems in two of its biggest export markets - the US and Europe - have raised concerns about whether the sector can maintain its growth pace. | However, recent economic problems in two of its biggest export markets - the US and Europe - have raised concerns about whether the sector can maintain its growth pace. |
| Those fears were fanned further as the China Federation of Logistics and Purchasing (CFLP), who produce the official PMI, said that the index for new orders also fell in November. | Those fears were fanned further as the China Federation of Logistics and Purchasing (CFLP), who produce the official PMI, said that the index for new orders also fell in November. |
| The new export orders index dipped to 45.6 in November from 48.6 the month before, indicating an accelerating decline in demand. | The new export orders index dipped to 45.6 in November from 48.6 the month before, indicating an accelerating decline in demand. |
| The BBC's Damian Grammaticas in Beijing said that even though China's economy was still expanding, the slowdown in the pace of growth was faster than expected. | The BBC's Damian Grammaticas in Beijing said that even though China's economy was still expanding, the slowdown in the pace of growth was faster than expected. |
| He said the authorities were now "concerned about how to keep China's economy from slowing too fast". | He said the authorities were now "concerned about how to keep China's economy from slowing too fast". |