China’s industrial production declined in December
January 4, 2009 – 10:06 pmChina’s industrial production declined in December for the third month in succession against the backdrop of continuing decline in world demand for exports from that country, despite the best efforts of the Government.
Index PMI (Purchasing Managers Index) in December was recorded at 41, 2, reported China Federation of Logistics and Procurement (China Federation of Logistics and Purchasing).
In China since the beginning of world crisis, thousands of factories were closed, causing massive protests by laid-off workers.
Most economists expect that in the first half of next year’s economic growth will slow to below 8%, which the government considers it necessary to create new jobs and, therefore, maintain social stability.
index of new export orders to China amounted to 700 companies 30.7, indicating a significant reduction in orders from abroad.
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