posted at 17:50
Author Name: Linette Lopez
Chinese Manufacturing Is Teetering
Chinese manufacturing disappointed again in November. The country's manufacturing PMI missed expectations coming in at 50.3, analysts expected 50.5. Any number under 50 indicates a contraction in the country's manufacturing sector. HSBC's Chinese manufacturing PMI held steady at October's numer - 50.0, right at the break even point. In October manufacturing PMI came in at 50.8 - analysts expected 51.1. State media reported that anyone in support of a PBOC rate cut was not a patriot. Then the PBOC "Cut" rates earlier this month. A head fake is not enough to cure what ails the Chinese economy - a corporate sector laden with debt that it passes on to Chinese banks.

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