January 3, 2016

THERE IS NO FUTURE THERE:

Slowdown in Chinese manufacturing deepens fears for economy (Katie Allen, 1 January 2016, The Guardian)

The latest in a string of downbeat reports from showed that activity at China's factor ies cooled in December for the fifth month running, as overseas demand for Chinese goods continued to fall.

Against the backdrop of a faltering global economy, turmoil in the country's stock markets and overcapacity in factories, Chinese economic growth has slowed markedly. The country's central bank expects growth in 2015 to be the slowest for a quarter of a century. [...]

A series of interventions by policymakers, including interest rate cuts, have done little to revive growth and in some cases served only to heighten concern about China's challenges.

Posted by at January 3, 2016 8:04 AM

  

« THE CONSTITUTION MEANS WHAT IT SAYS...: | Main | MADAME DEFARGE IS GOING TO NEED MORE YARN: »