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Monday, September 3, 2012

China's reserve ratio (CRR) 20%

Chinese manufacturing hits three-year low

Published on Sep 3, 2012 by AlJazeeraEnglish : China's vast manufacturing sector has shrunk for a tenth straight month. Surveys by the government, and the banking giant HSBC, suggest China's manufacturing slowdown could be worse than first thought. Other figures show the non-manufacturing sector grew, but only slowly. That includes industries such as construction, air transport and telecommunications. Francis Lun, the general manager of Fulbright Securities, a financial group, in Hong Kong, says China's current leaders still have time to make economic changes before they are replaced in November.