Chinese economy shows trouble under the rug - seventh straight rise in manufacturing is fueled by stimulus bibble
Sam Adelton
Sep. 30, 2009

China may lead the global depression in 2010. The economy is dependent on the stumulus funds from the Government banks and central banks.

The Purchasing Managers’ Index stayed at the same 54.3 from 54.0 in August, the Federation of Logistics and Purchasing said today.

China’s manufacturing expansion for a seventh straight month in September on stimulus spending and this year’s record growth in new loans has started showing signs of slowdown and deep trouble.

China's trouble come from the export front - the main locomotive of Chinese economy. Industrial overcapacity and a 11-month slump in exports are extreme drags on the nation’s recovery.

Chinese economy shows trouble under the rug - seventh straight rise in manufacturing is fueled by stimulus bibble
Sam Adelton
China's trouble come from the export front - the main locomotive of Chinese economy. Industrial overcapacity and a 11-month slump in exports are extreme drags on the nation’s recovery.
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