Thursday, December 15, 2011


One of the great moments in cinema occurs in the film "The Princess Bride" in which the players discuss the use of the word "inconceivable".

So, in internet speak, "I will just leave this here".

BEIJING — China's manufacturing activity contracted in December while
foreign direct investment fell for the first time in 28 months, data
showed Thursday, as crises in the US and Europe drag on the economy.

The bleak data came as a senior government researcher forecast exports
growth would halve in 2012 from this year and pull the pace of
economic expansion below nine percent for the first time in more than
a decade.

Mounting evidence that China is slowing will ratchet up pressure on
Beijing to further loosen monetary and fiscal policies to prevent the
world's second biggest economy from suffering a painful hard landing.

The preliminary HSBC purchasing managers' index (PMI) reached 49 in
December, slightly up from 47.7 in November -- the first contraction
in nearly three years -- as consumers from New York to Paris cut back
on holiday spending due to deepening economic woes.

No comments: