BEIJING - China slowed production in December for a second month due to the weak demand between American and European economic problems, a survey Friday showed published.
The latest HSBC purchasing manager index added to growing signs of a burden on manufacturers and exporters in China. You have hit was, by jumping in the global demand and lending curbs, wipe the thousands of companies into bankruptcy, jobs and raise the specter of unrest have driven.
The index for December was 48.7 on a 100-point scale on the numbers below 50 a contraction to indicate activity. It said that companies reported a drop in foreign orders due to slack demand.
"Weakening external demand begins to bite," said HSBC Economist Qu Hongbin in a statement with the survey.
Add the latest data to stabilise growth pressure on Beijing on spending and credit controls and encourage job creation, Qu said to facilitate.
He said "Hard landings should be avoided, as long as measures filter relaxation in the coming months,".
China's export growth went in November for a third month, falling to 13.8 percent of 15.9 per cent in the previous month.
The decline of in global demand has destroyed export-oriented southern coastal regions, where thousands of small companies driven out of business, and the survivors have laid off tens of thousands of workers.
Smaller private companies were tough curbs affected by bank loans cool inflation and a boom in the real estate prices imposed. The Government has promised, State-owned banks give more to help struggling entrepreneurs have but says most of its curbs remains.
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