Tuesday, June 1, 2010

The China Slowdown

China;s central bank continues to print money but at a slower rate and this is having an impact.

There is a drop in property sales in Beijing, Shanghai and Shenzhen, and China’s manufacturing expanded at a slower pace.

The output index fell to 58.2 from 59.1 in April, today’s report showed. The new-order index slid to 54.8 from 59.3 and an export-order index dropped to 53.8 from 54.5. The input-price index decreased to 58.9 from 72.6.

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