12-01-2008, 07:42 AM
<b>Chinaâs November Manufacturing Contracts by Record</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Chinaâs economy is deteriorating more quickly than expected by the nationâs top planning agency, its chairman, Zhang Ping, said last week.
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Export orders, output and new orders all contracted by the most since the survey began in 2005.
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Chinaâs export orders declined to 29 in November from 41.4 in October, the survey showed. A reading above 50 reflects an expansion, below 50 a contraction.
<b>The output index fell to 35.5 from 44.3, while the index of new orders dropped to 32.3 from 41.7</b>.<!--QuoteEnd--><!--QuoteEEnd-->
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Export orders, output and new orders all contracted by the most since the survey began in 2005.
...
Chinaâs export orders declined to 29 in November from 41.4 in October, the survey showed. A reading above 50 reflects an expansion, below 50 a contraction.
<b>The output index fell to 35.5 from 44.3, while the index of new orders dropped to 32.3 from 41.7</b>.<!--QuoteEnd--><!--QuoteEEnd-->