Posted on 01/22/2015 6:02:18 PM PST by Red in Blue PA
BEIJING (Reuters) - China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed.
The HSBC/Markit Flash Manufacturing Purchasing Managers' Index (PMI) hovered at 49.8 in January, little changed from December's 49.6 and a whisker below the 50-point mark that separates growth from contraction on a monthly basis.
(Excerpt) Read more at finance.yahoo.com ...
Every good I buy here is made in China.
Back in the 1970s, China was just coming out of the Mao area and wasn’t even an economic powerhouse.
Today, its the world’s largest economy.
As is to be expected from a country with 1.3 billion people.
Just saying this month, China is poised to set another brand-new record in the amount of a trade surplus they run with America.
(which incidentally means, an all-new record trade deficit we will run, with China)
That is not a good thing.
The ‘recovery’ began (in this country) in June of 2009. The average recovery since World War II is about 58 months, or 4 years and 10 months. If you listen to the (pant, pant) msm, you would think that this economy is ready to take off at any moment. I am of the opinion that it has ran its course (anemic as it was), and that we are more likely due for another recession. It’s not like Obama’s policies are going to create massive economic growth or anything.
I guess the only good thing about off shoring manufacturing is when workers get laid off over there it doesn’t make a hill of beans difference to our economy.
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