HSBC China PMI Contracts for Second Successive Month

“While the pace of slowdown is stabilizing somewhat, weakening external demand is starting to bite. This, plus the ongoing property market corrections, adds to calls for more aggressive action on both fiscal and monetary fronts to stabilize growth and jobs, especially with prices easing rapidly. Hard landings should be avoided so long as easing measures filter through in the coming months.” 

- Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC

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2 Responses to HSBC China PMI Contracts for Second Successive Month

  1. Pingback: HSBC China PMI Contracts for Second Successive Month | Forex news

  2. Pingback: News Links 12/30/2011 | Credit Writedowns

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