Chinese manufacturing output hits a 32-month low

[alp227]

Source: BBC

China's manufacturing activity fell to its lowest level in 32 months in November, according to the HSBC bank purchasing managers' index.

The news renewed fears that the economic powerhouse is losing steam, and contributed to 2% falls on the Hong Kong and Sydney stock markets.

China's PMI, a measure of the goods and services companies buy each month, fell to 48 from 51 in October.

An index reading under 50 indicates economic contraction.

Read more: http://www.bbc.co.uk/news/business-15850569

[OhioChick]

1. No one can afford their cheap shit anymore n/t

[Vincardog]

2. There seems to be a lesson to be learned here. Unemployed people can't be counted on to carry the

economy. Give it you you greedy bastids.

[DCBob]

3. China is about to crash.

The health of their economy is overly dependent on exports and those exports are drying up do to a drop in global demand due to economic worries in their biggest markets.

[JDPriestly]

4. Because China made its way by paying low, low, low, low, low wages

to its needy people and grabbing jobs from other countries that paid wages a person could live on.

The Chinese were too greedy. It's another example of a greed killing the goose that laid the golden eggs.

I buy as many locally produced food and products as possible.

[NickB79]

5. They tried to create a US-style housing bubble too

To the point that they built entire CITIES that are now standing empty: http://www.google.com/search?client=ubuntu&channel=fs&q=china+ghost+cities&ie=utf-8&oe=utf-8

This will not end well for any of us.

[DCBob]

7. Yes, this is could get ugly.

China itself is a bubble.

[Ikonoklast]

6. China's real estate bubble makes ours look like chump change.

I would short China with all my might, they are headed for a sheer cliff.

[DCBob]

8. Yeah, I agree and I doubt China will be able to manage this to limit the damage.

It could get ugly.

[christx30]

9. What are your thoughts

of China calling the loans they got from the US to try to shore up their cash reserves? That could be very bad for the US. Or looking to their military as a way of rallying their people so the leaders can stay in power? We're seen examples throughout history of leaders that, when faced with certain bad times in their country, invade other countries just to get that bump. With their history of conquering Tibet, and saber rattling in regards to Taiwan, I wouldn't put it past them.

[Nihil]

11. That thought is probably gnawing away at the President's sleep ...

> What are your thoughts of China calling the loans they got from the US
> to try to shore up their cash reserves?

:wow:

(I presume you mean calling in some of the US debt that China holds
rather than "the loans they got from the US".)

[DCBob]

12. Who knows what the Chinese may do.

But I think we can be certain they wont do anything that can potentially make the situation worse for them. Cashing in their US bonds could have severe impact on the US and global economy which is not good for China. I think invading another country is unlikely... not their style. I think their main approach is simply to use their economic might to influence and positions themselves better in the world.

[Brigid]

10. Have we reached "peak Chinese junk?"

We can only hope.

[DCBob]

13. Yes, I hope so too.

This peak is a good one.