Latest News:  
Beijing   Light snow    2 / -1   City Forecast

People's Daily Online>>China Business

Chinese economy slows down, but remains steady

By Ye Xiaonan (People's Daily Overseas Edition)

16:07, December 05, 2011

Edited and translated by People's Daily Online

China's Purchasing Managers' Index (PMI), a main gauge of manufacturing activity, dropped to 49 percent in November, falling below 50 percent for the first time since March 2009, according to statistics released on Dec. 1.

The decline indicates a further slowdown in China's economic growth. Industry insiders believe that the pace of the economic slowdown will remain steady, and the chance of a sharp fluctuation is slim.

"The PMI dropped below 50 percent in November, indicating a further slowdown in China's economic growth. As domestic investment has maintained relatively rapid growth and domestic consumption has been growing slowly yet steadily, the pace of the economic slowdown will remain steady, and there is little likelihood of a slump," said Zhang Liqun, a researcher at the Development Research Center of the State Council.

【1】 【2】


Leave your comment0 comments

  1. Name


Selections for you

  1. National treasure collection exhibition

  2. Two gaint pandas from China land in Britain

  3. China's female commandos

  4. 74th anniversary of Nanjing massacre

Most Popular


  1. Latin America integration
  2. US should adopt new thinking for GPA
  3. Obstacles to climate action
  4. More drama after ban
  5. No silver bullet to cure poverty
  6. Only diplomacy can resolve Iran-West row
  7. Letting the GM genie out of the bottle
  8. Overcoming inter-city prejudices
  9. Why is China's financial sector going global?
  10. World needs safety net against euro crisis

What's happening in China

Super car club in commercial drive

  1. Schools failing on financial disclosure
  2. PKU cancels talk after free speech play
  3. Heavy fog in Beijing bodes ill for pollution
  4. Senior official stresses popular education on law
  5. 2 missing, 19 saved from sinking ship off

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival