China's Manufacturing May Contract for the First Time in a Year

摘要

@@ China's manufacturing may contract for the first time in a year as output and new orders drop, preliminary data for a purchasing managers' index indicated.rnThe gauge fell to 48.9 for July from a final reading of 50.1 for June, HSBC Holdings Pic and Markit Economics said in a statement.The final July reading is due Aug.1.rnRecent data adds to evidence that growth in the world's second-largest economy is slowing on Premier Wen Jiabao's campaign to tame consumer and property prices.The International Monetary Fund said in a report released recently in Washington that risks for the economy in clude the threat of faster-than-expected inflation, a real-estate bubble, and bad loans from stimulus spending.