Tuesday, September 2, 2014


From the Hong Kong Standard.  I wonder if U.S. firms buying ahead--and now not needing products--in case of a West Coast port strike contributed to the slowdown.

Data suggest slowdown

Tuesday, September 02, 2014
China's manufacturing slowed more than estimated last month, joining weaker-than-anticipated credit, production and investment data in suggesting the economy is losing momentum.

The government's Purchasing Managers' Index was at 51.1 for August, missing the median 51.2 estimate in a Bloomberg survey. The final reading of a separate manufacturing gauge from HSBC Holdings and Markit Economics was 50.2. Both readings fell from 51.7 in July and remain above 50, indicating expansion. A pullback in manufacturing adds pressure on the government to step up efforts to meet its expansion target of 7.5 percent this year.

"More stimulus measures will be announced in the next few weeks," said Lu Ting, Bank of America Corp's head of Greater China economics.
"Stimulus may include a greater relending quota from the central bank, and the government has ... confidence it will keep the economy stable." BLOOMBERG