Greek Bailout Payment Approved; Eurozone Jobless Rate Stuck Near Record High

This is source I found from another site, main source you can find in last paragraph

Medium-sized and small firms in China are continuing to struggle to grow, adding to concerns that the Chinese economy is losing steam.

HSBC's China manufacturing PMI survey, which focuses on smaller private companies, showed that activity contracted for the third month in a row in March, at the fastest rate in eight months.

It fell to just 48.0 in March, down from 48.5 in February, showing "a moderate deterioration of the health of the sector". Any reading under 50 shows a contraction, and this is the biggest fall since July 2013.

Firms reported that output and new orders both fell, at a faster rate, while workforce numbers also fell. The survey suggests that China's domestic economy is still cooling, as new business from abroad rose for the first time in four months.

Hongbin Qu, chief economist at HSB C, argued that China's government needs to take further stimulus measures soon:

“The final reading of the HSBC China Manufacturing PMI in March confirmed the weakness of domestic demand conditions. This implies that 1Q GDP growth is likely to have fallen below the annual growth target of 7.5%. We expect Beijing to fine-tune policy sooner rather than later to stabilise growth.”

Here's the details:

Key points

  • Both output and new orders contract at faster rates...
  • ...while new export orders return to growth
  • Input costs and output charges both fall sharply
HSBC's Chinese manufacturing PMI
HSBC's Chinese manufacturing PMI Photograph: /HSBC

Confusingly, the 'official' Chinese PMI survey was a little more positive - inching higher to 50.3 in March from 50.2 in February. That may show that the biggest Chinese firms, and those under state control, are performing better.

But economists had hoped to see a stronger reading, as the disruption caused by the Chinese new year fades away.

IG's

Evan Lucas explained:

The March read was the first read free of the Chinese Luna New Year and despite the constant expansion there are weaknesses across the domestic sector, seeing price and output contracting.

This is source I found from another site, main source you can find in last paragraph

Source : https://www.theguardian.com/business/2014/apr/01/china-manufacturing-eurozone-greece-bailout-live

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