Growth in China's manufacturing sector slowed in October, an official survey suggests, reinforcing concerns about a slowdown in the wider economy.The country's Purchasing Managers Index (PMI) fell to a lower-than-expected 50.8, from 51.1 in the previous month. Any score above 50 represents growth.Analysts had forecast a small rise in the pace of growth.Recently released figures showed the wider Chinese economy growing at its slowest pace for more than five years.Growth between July and September was 7.3% compared with a year earlier, down from 7.5% in the previous quarter."There remains downward pressure on the economy, and monetary policy will remain easy," said analysts at China International Capital after the PMI data was published on Saturday.Growth targetBeijing recently unveiled measures designed to stimulate consumer spending, including relaxing limits on home purchases and injecting billions of dollars into the country's biggest banks.China's central bank has also cut certain inter-bank interest rates.The government aims to achieve 7.5% economic growth this year, although many analysts believe it will struggle to meet this target. There is speculation it may take further steps to boost growth.Such high levels of growth are needed to ensure enough jobs are created for China's huge and increasingly-educated population.But the growth ambitions are much higher than expected rates in more developed economies - latest figures show the US economy growing at an annual rate of 3.5%.
Further proof Communism doesn't work.
Quote from: Meta Cognition on November 02, 2014, 03:06:41 PMFurther proof Communism doesn't work.lolwut?China isn't communist
Quote from: Kinder on November 02, 2014, 03:09:48 PMQuote from: Meta Cognition on November 02, 2014, 03:06:41 PMFurther proof Communism doesn't work.lolwut?China isn't communistLOL ARE YOU STOOPID OR SUMMAT?
Quote from: Kinder on November 02, 2014, 03:09:48 PMQuote from: Meta Cognition on November 02, 2014, 03:06:41 PMFurther proof Communism doesn't work.lolwut?China isn't communisthttps://www.cia.gov/library/publications/the-world-factbook/geos/ch.htmlYes they are.
The term "Communist state" is an oxymoron (a contradiction on itself) as a communist society is stateless.Usually, the term Marxist-Leninist state is more appropriate.
Maybe they just don't want to sell as much to us because they know our money is no good.
Quote from: Meta Cognition on November 02, 2014, 03:47:21 PMQuote from: Camnator on November 02, 2014, 03:45:55 PMMaybe they just don't want to sell as much to us because they know our money is no good.What?You forgot to take your Marinol for that lobotomy today?
Quote from: Camnator on November 02, 2014, 03:45:55 PMMaybe they just don't want to sell as much to us because they know our money is no good.What?
Quote from: Meta Cognition on November 02, 2014, 03:50:28 PMQuote from: Camnator on November 02, 2014, 03:49:01 PMQuote from: Meta Cognition on November 02, 2014, 03:47:21 PMQuote from: Camnator on November 02, 2014, 03:45:55 PMMaybe they just don't want to sell as much to us because they know our money is no good.What?You forgot to take your Marinol for that lobotomy today?You're confusing a supply-side issue for a demand-side one.False, your sources are simply unreliable.
Quote from: Camnator on November 02, 2014, 03:49:01 PMQuote from: Meta Cognition on November 02, 2014, 03:47:21 PMQuote from: Camnator on November 02, 2014, 03:45:55 PMMaybe they just don't want to sell as much to us because they know our money is no good.What?You forgot to take your Marinol for that lobotomy today?You're confusing a supply-side issue for a demand-side one.
Quote from: Meta Cognition on November 02, 2014, 03:55:51 PMAnd I'll be sat here, waiting for you to provide evidence for the worthlessness of the U.S. dollar. And I swear to God, if you post Peter Schiff. . .Easyhttp://www.usdebtclock.org/Not to mention the debt is most likely a LOT higher than that since the government borrows so secretively from so many sources. We still owe debts for World War I over 100 years ago.
And I'll be sat here, waiting for you to provide evidence for the worthlessness of the U.S. dollar. And I swear to God, if you post Peter Schiff. . .
There was a time when our currency was sound and backed by precious medals, now it's simply an illusion meant to rob all of us.
Just as there's no way our current system can continue. It's already too late. We HAVE to start over until monetary systems become obsolete.
China manufacturing growth slows
