Even from China, as well as from Europe, there are not very comforting signals about economic growth. In fact, in March the new orders index of Chinese companies, developed by Markit together with the HSBC bank, has dropped to to the minimum levels for 4 months, passing from 49,6 points in February to 47,9, while the manufacturing short-term index suffered yet another contraction, dropping to 48,1.
Secondo Hongbin Quas, chief economist for Asia at HSBC, to weigh down growth would be “Weakening Domestic Demand”, while the decline in foreign demand continues, albeit to a more moderate extent. Very worrying, again according to the economist, the fact that employment has recorded the weakest value since March 2009.
