bye bye 2100
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^ reflective of how their bridges are performing.
Mali na ata thread title.
Purchasing Managers Index (PMI) Definition | Investopedia
Definition of 'Purchasing Managers Index - PMI'
An indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Investopedia explains 'Purchasing Managers Index - PMI'
A PMI of more than 50 represents expansion of the manufacturing sector, compared to the previous month. A reading under 50 represents a contraction, while a reading at 50 indicates no change. Prior to September 1, 2001, the acronym (PMI) stood for Purchasing Managers' Index. The Institute of Supply Management (ISM) now uses only the acronym, PMI. Although the ISM publishes several indexes, the PMI is the most widely followed and is sometimes referred to as the ISM index.
Boom city Dongguan faces bankruptcy as village debts soar | South China Morning Post
After three decades of spectacular growth, Guangdong's boom town of Dongguan is on the brink of bankruptcy.
Up to 60 per cent of its villages are running up deficits and will soon need a bailout from the township, researchers at Sun Yat-sen University have discovered.
It is a dramatic turn of fortune for Dongguan - one of the richest cities in China - and could foreshadow a wider fiscal crisis as the country's economy cools.
Local government debt hit 10.7 trillion yuan (HK$13.16 trillion) nationwide at the end of 2010, equivalent to about 27 per cent of gross domestic product. Credit rating service Moody's estimates the actual figure could be about 14.2 trillion yuan.
magkaka recession ba sa china? di ko maintindihan ang mga financial reports na to e.![]()
nope. by textbook definition of recession hindi sila mag recession
pero... sanay sila sa blazing hot GDP growth rate of 10% and higher
so slowing to 8% or 7% is painful to them
^ If trend continues until the yearend. Malamang. Dapa kasi last quarter bumawi sila due to higher exports for the holidays. Pero if anemic yung local consumption, problema talaga. Just my thought though.
Some more relatively bad news for China.
US expert sees fall of China | Inquirer Opinion