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[dogma]

China PMI Falls to 49, Lowest Level in Nearly 3 Years

Not so fast my friends
That is why China relaxed some of its bank policy

China's official purchasing managers' index (PMI) fell to 49 in November, the lowest since February 2009 and below the 50.4 level in October, the China Federation of Logistics and Purchasing (CFLP) said on Thursday.

Analysts had expected the official PMI to be at 50, the level that demarcates economic expansion from contraction.

The federation compiles the index on behalf of the National Bureau of Statistics.

The input price sub-index, a measure of how much factories pay for raw materials and intermediary goods, fell to 44.4 in November from October's 46.2
DOGMA