30 Nov 2011

China’s manufacturing hit its lowest point in 32 months


According to HSBC, China’s manufacturing hit its lowest level in 3 years. China’s top financial official Wang Qishan predicted that recession is in China to stay. HSBC’s chief China economist Qu Hongbin says the reduction of demand from Europe and US will slow production even more in the next few months. China is already taking steps to slow the recession and possibly reverse it.

A more in-depth article can be found here.

photo from money.cnn.com