02.02.2015 - Chinese macro data disappointed investors

Statistics on the index of business activity in the manufacturing sector in China, which was published today, disappointed investors. Thus, the manufacturing PMI in the country, which is calculated by HSBC fell to 49.7, which is 0.1 worse than expected. Earlier have been published official data on manufacturing in the country, which also showed a decrease of the index below 50.0 for the first time since September 2012. A value below 50.0 indicates a fall in the sector. The main risk for the growth of the Chinese economy is a crisis in the construction sector of the country, as well as weak growth in Europe, which along with the United States is a key market for Chinese products. We forecast a drop of Chinese markets in the absence of incentives for the development of the economy from the Government of the second largest economy in the world.

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