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China's manufacturing is approximately stagnant [ClearOnMoney]
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China's manufacturing is approximately stagnant

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Commentary

China's manufacturing is approximately stagnant

2 May 2013 by Jim Fickett.

Both of the Purchasing Manager Indices for China were barely above the neutral value of 50 in April – 50.6 for the government index and 50.4 for that from HSBC. Although some news articles will reassure you that at least the values were above 50, it is clear from the amount of noise in the series that we can not be at all sure even that there was growth rather than shrinkage last month. This reinforces the general impression that China's economy is failing to respond to the most recent round of money creation.

(See the Reference page China PMI for sources, background, and past commentary.)