{"id":53987,"date":"2015-07-01T17:10:49","date_gmt":"2015-07-01T09:10:49","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=53987"},"modified":"2015-07-01T17:10:49","modified_gmt":"2015-07-01T09:10:49","slug":"chinas-manufacturing-weak-in-june-more-jobs-cut","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/07\/01\/chinas-manufacturing-weak-in-june-more-jobs-cut\/","title":{"rendered":"China&#8217;s manufacturing weak in June, more jobs cut"},"content":{"rendered":"<figure id=\"attachment_11464\" aria-describedby=\"caption-attachment-11464\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/China.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11464\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/China-300x195.jpg\" alt=\"ShutterStock\" width=\"300\" height=\"195\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/China-300x195.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/China.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-11464\" class=\"wp-caption-text\">ShutterStock<\/figcaption><\/figure>\n<p class=\"ap-story-p\">BEIJING (AP) &#8212; China&#8217;s manufacturing was weak in June and employers cut more jobs, two surveys showed Wednesday, in a new sign the world&#8217;s second-largest economy is struggling to emerge from a slump.<\/p>\n<p class=\"ap-story-p\">HSBC Corp. said its purchasing managers&#8217; index stood at 49.4, largely unchanged from May&#8217;s 49.2 on a 100-point scale on which numbers below 50 show activity contracting. A separate index by an industry group, the Chinese Federation for Logistics &amp; Purchasing, was unchanged from May&#8217;s 50.2 on a similar 100-point scale.<\/p>\n<p class=\"ap-story-p\">Both surveys showed manufacturing employment declining. HSBC said jobs were cut at the fastest rate since February 2009 in the aftermath of the global financial crisis.<\/p>\n<p class=\"ap-story-p\">The data &#8220;pointed to a further decline in the health of the manufacturing sector in June,&#8221; said economist Annabel Fiddes of the research firm Markit, which conducts the HSBC survey, in a report.<\/p>\n<p class=\"ap-story-p\">The Chinese government has cut interest rates four times since November and launched mini-stimulus efforts to shore up economic growth that slowed to 7 percent in the first quarter.<\/p>\n<p class=\"ap-story-p\">Both surveys found new orders and new export orders increased, suggesting global and domestic Chinese demand were reviving.<\/p>\n<p class=\"ap-story-p\">&#8220;However, it is likely that more stimulus measures will be required to ensure that the sector can regain growth momentum and to encourage job creation,&#8221; said Fiddes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING (AP) &#8212; China&#8217;s manufacturing was weak in June and employers cut more jobs, two surveys showed Wednesday, in a &hellip;<\/p>\n","protected":false},"author":44,"featured_media":11464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-53987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-the-associated-press1"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/53987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=53987"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/53987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11464"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=53987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=53987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=53987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}