China's manufacturing PMI data, but slowed down the expansion

China's official figures released Sunday, the Chinese expansion in manufacturing activity slowed in July, showed that earlier this year, China's tightening measures, as well as the increasing global demand, a situation of uncertainty tied to economic growth in China.

Much attention in the purchasing managers index (PMI) fell, that the Chinese Government is expected to continue easing in inflationary pressures in the case, later this year is unlikely to take any tough austerity measures. China's central bank last Tuesday gave an upbeat speech on the domestic economy, saying the current economic slowdown in China is conducive to long-term sustainable economic growth, the possibility of a secondary dip, small.

China Federation of Logistics and Purchasing (referred to as CFLP) and China National Bureau of Statistics data released showed that in July purchasing managers index (PMI) fell to 52.1 from 51.2 in June, fell for the third consecutive month, but the 17th consecutive month above 50 in this expansion and contraction.

CFLP Zhang Liqun, an analyst said in a bulletin, July PMI continue to decline, suggesting slower economic growth trend is emerging; current investment and export growth is not enough solid foundation.

Zhang Liqun expected in the future China's economy will gradually stabilize, economic growth in 2010 may be about 9.5%.

The data show that China's new export orders in July, but growth slowed, while imports decreased, suggesting the next few months will increase China's imports and exports continued to slow.

PMI index, new export orders index fell to 51.7 from 51.2 in June, imports index fell to 49.3 from 50.4.

China Customs will release in August 10 July trade data.

At the same time, as the purchasing price index fell to 50.4 from 51.3, inflationary pressures may have eased.

PMI 11 Category index, only one index in June rose compared with the remaining 10 index declined in June. Main index, the index rose employees, production index, new export orders index, import price index and the purchase index decreased.

July backlog of orders index, finished goods inventory index, import index, purchasing volume index and index of supplier delivery time of less than 50 critical point, the other index is higher than 50.