1 in a Reuters poll of 10 economists

canada goose clearance sale Chinese economy cools as tightening bites canada goose clearance sale

canada goose coats BEIJING (Reuters) The pace of Chinese manufacturing growth slowed in June as canada goose clearance sale government steps to cool the property market and curb bank lending combined with a faltering global recovery to dampen sentiment. canada goose coats

Canada Goose Outlet Two indexes based on polls cheap canada goose uk of purchasing executives released on buy canada goose jacket Thursday fell, though both remained above the threshold of 50 that demarcates expansion from contraction. Economists said the surveys showed Canada Goose Coats On Sale an expected Canada Goose Jackets moderation in the world third largest economy and not the precipitous decline that some investors have been fearing. Canada Goose Outlet

Zhang Liqun, a government economist, canada goose black friday sale spoke canada goose coats of a uk canada goose slowdown in the broader economy. economy growth is at a critical stage of leveling off after the climb, he said.

cheap Canada Goose Qu Hongbin, chief economist for China at HSBC, said canadian goose jacket the economy was clearly cooling after year on year growth of 11.9 percent in the first quarter. cheap Canada Goose

Canada Goose sale fears about hard landing are overplayed. We expect China https://www.canadagooseoutletcoats.com to achieve around 9 percent growth in the second half, underpinned by massive ongoing investment and robust private consumption, he said. Canada Goose sale

canada goose deals Zhang was commenting on the official Purchasing Managers Index, which fell to 52.1 in June from 53.9 in May. The reading, the weakest since February, fell short of the median forecast of 53.1 in a Reuters poll of 10 economists. canada goose deals

buy canada goose jacket A separate survey compiled for HSBC fell more steeply to Canada Goose online a 14 month low of 50.4 from 52.7 in May. It still marked modest overall expansion, but output and new orders dropped outright for the first time since the depths of the global downturn in March 2009. buy canada goose jacket

The PMIs are designed to provide a timely snapshot of business conditions in manufacturing.

canada goose black friday sale The official PMI also showed broad based softness. Sub indexes for output, new canada goose factory sale orders, new export orders, backlogs of work, imports and employment all fell on the month. canada goose black friday sale

Canada Goose Parka Chinese economy is cooling down, and the export canada goose clearance and import sector is the first to feel the pinch, said He uk canada goose outlet Yifeng, an analyst Canada Goose Parka with Hongyuan Securities in Beijing. Canada Goose Parka

Canada Goose online He Canada Goose Online said the official PMI could fall further in July but cheap Canada Goose might well then recover as the impact of tightening measures wanes. Canada Goose online

canada goose clearance is no need to worry too much about canada goose store a double dip in the Chinese economy, he said. there are no new tightening measures, the canada goose Chinese Canada Goose sale economy is likely to remain healthy. canada goose clearance

canada goose coats on sale GRIM EXPORT PROSPECTS On the face of it, economists said a sharp drop in inflationary pressures measured by the prices manufacturers paid for their inputs in June should reassure policymakers that the risk canada goose coats on sale of credit fueled overheating is fading. canada goose coats on sale

Canada Goose Jackets The silver lining in an otherwise grey PMI may have helped raise spirits on the local stock market. Canada Goose Jackets

canada goose store Beijing is reining in credit growth and has taken a series of steps to put the brakes on the property canada goose uk black friday market. It has raised down payments, scrapped discounted mortgage rates and introduced new rules making it harder for speculators to buy multiple homes. canada goose store

Real estate sales and prices in some cities have tumbled in recent weeks as a result.

canadian goose jacket But although the property sector accounts for about 10 percent of gross domestic product and a quarter of investment, Premier Wen Jiabao signaled this week that it was too soon to ease the curbs. canadian goose jacket

The economy was headed in the direction the government expected and policy would not change, Wen told economists buy canada goose jacket cheap and businessmen in canada goose uk shop remarks reported on Wednesday.

buy canada goose jacket cheap According to the National Bureau of Statistics, the drop in the official PMI reflected the impact of policy tightening as well as a outlook canada goose uk outlet for goose sale exports. buy canada goose jacket cheap

canada goose The debt woes rattling the euro zone, China recent abolition of some export tax rebates and the prospect of increased trade friction were all weighing on exporters. canada goose

Brian Jackson, a strategist with Royal Bank of Canada in Hong Kong, said slower growth in the second Canada Goose Outlet half was inevitable as the initial boost from last year 4 trillion yuan ($585 billion) stimulus package starts to fade and policy tightening bites.

sharp this slowdown will be will depend heavily on what happens to Chinese exports. Exports across the region have continued to post strong growth so far this year, but recent events in Europe clearly represent a major downside risk in the months ahead, he said in a note.

Loading...