China Federation of Logistics and purchase of a given data show that manufacturing industry in November, China's purchasing managers index (PMI) was 49.0%, a 1.4% decline month on month since early 2009 in order to back to the first time in 50%; HSBC China PMI release is a new low, from 47.7% down to 32 months. Experts believe that the economic slowdown, inflation down, macro-control targets will be "a major; deflation" and "steady growth", monetary policy, fiscal policy should be to improve our economy endogenous growth. Decline in economic growth, emerging trends, the State Council Development Research Center ZhangLiQun macroeconomic researcher pointed out that the internal New Era Hats and external factors, mingled, PMI index fell below 50%, shows that the expansion from contraction of economic prosperity, to predict future economic growth will continue to fall. China Federation of Logistics and Purchasing, Finance Vice President also believes that China's economic growth continued to slow down the trend of stability, economic growth may be further back room. However, many experts here, said in an interview with reporters, said, "Purchasing Managers' Index dropped to below 50%, there is no turning point of the upcoming economic data show that in 2008, international financial and economic crisis, the value of our manufacturing PMI continue to run five months less than 50%, the lowest reach 38.8% of the low. ZhangLiQun point, because the growth of domestic investment is still at a higher level, a slight increase in consumption growth is steady, so the callback will smooth future economic growth for, won the "tons of decline. Note that the current macro-control has been shown to result. Purchase price index continued to decline, has two consecutive months below 50%, greatly reducing the risk of inflation, while economic structure has been improved. Slides must be vigilant in the internal and external, chief Asia economist at Barclays Capital HuangYiPing view, although less than 50% of the data does not necessarily indicate the manufacturing sector in the coming months will be a recession, but the real highlight of the economic downturn the risk. Combined with the data to see the past, the new orders index volatility down, up and down quickly, dropped to 47.8% in November, for the 33 months since the first decline in 50% of new export orders index decreased significantly in the second half, overall about 50% situation. CASS world economy and international trade Songhong for Political Research Institute of China said that China should be alert to trade protectionism and began to read. In the coming year is expected to export 16% from this year's trade growth to 17-10% ~ 12% of the policy is very important to the stability of economic growth is slowing, inflation rate decreased gradually, and many experts believe that changes in the contradiction between economic development is that China should gradually from a focus on the regulation "; deflation" guidance "; steady growth"; in the financial view, the macro-control and control center of gravity is “ deflation ", gradually turn “ steady growth ", but this is beyond the control of the direction of changes in the PMI data to see the current macroeconomic policy stability is very important, he suggested, on the one hand, the macro-control should maintain a positive financial policy and prudent monetary policy direction of the change, not eager to relax, no need to continue to tighten; the other hand, baseball hats can be timely and measurable orientation of structural adjustment, by adjusting the fiscal and tax policies to improve the economy of endogenous growth momentum.
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