China's manufacturing growth slows
March 2, 2013. This article comes from CNN and written by Simon Rabinovitch
Summary
:One of the most economical powerful nation, China, has suffered from economic problem. It's manufacturing sector grew slowly since 2013. The data shows that the official purchasing manger's index declined to 50.1 from 50.4 in January. It causes the harbinger of the decreasing of the pace of expansion of industrial activity. Even though China's economy has accelerated last year, the government concerns about a recover in inflation and even high property prices would lead Beijing into economic depression. Furthermore, China's central bank drained about $146bn from the economy in order to prevent in credit issuance through it's financial institutions in January. And several cities have begun to raise the cost of loans. Louis Kuijs, an economist with Royal Bank of Scotland, mentioned that the balance of consideration in the macroeconomics stance shifts. And the Chinese want to recover their manufacturing growth and also they expect one thing that new leaders, Xi Jinping and Lu Keqiang, play their roles as president and premier perfectly and effectively.
My opinion
:From my point of view, I think that Chinese government should have a best way to remedy the economic problem. Even though China is well-known for powerful country, it has suffered from it's manufacturing growth. Because Chinese manufacturing rate began to decrease gradually. This situation might cause the harbinger of huge economic depression. That's why Chinese expect one thing that their new leaders play as an important role in overcoming those problems.
China is now going from a developing country to a developed country, and signs are already beginning to show...
ReplyDeleteThe gloval economic depression also worsened the problems too
I think China is at their full economic potential. I guess the Chinese government should change if they want to improve the economy further.
ReplyDeleteAccording to expert's analysis, increasing gap between rich and poor is reducing purchasing power of Chinese people. Even though producing goods is important, China should consider the buyers condition....
ReplyDeleteIn fact, China is walking to way of economic development, but also has many problems to solve. One of those problems is economic gap between poor and people. Good summary which is easy to understand. And I also agree with your opinion.
ReplyDeleteI personally think that as the Chinese government develops in its economy, they should also focus on the entire economy.
ReplyDeletei think to improve Chinese economy, they should follow the trend, go toward market economy. but even though they do that, i don't think China will be greater than US.
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