On Thursday, data showed China's manufacturing is contracting. An index compiled by HSBC fell to 48.1 in March from 49.6 in February. Figures below 50 indicate that manufacturing is shrinking.
That's a negative sign because growth in China has played a key role in shoring up the global economy since the financial crisis of 2008.
And in another sign of cooling growth in the world's No. 2 economy, new home prices dropped in 45 Chinese cities in February as the government implemented measures to cool property speculation.
Worries about China's deceleration were compounded by a survey Thursday showing slower growth in Europe. An index of economic activity from financial information company Markit fell to 48.8 in March from 49.3 a month earlier. The index combines both the services and manufacturing.
Isha wrote: Companies charge countries like USA many folds than they actually spend.
urodacus wrote:Isha wrote: Companies charge countries like USA many folds than they actually spend.
how much is a fold, exactly?
and how do you charge it?
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