August 2, 2015
Final Caixin China PMI for July surprises by dropping to two-year low
"The downturn in China's manufacturing sector intensified at the start of the third quarter. Renewed falls in both total new work and new export orders led manufacturers to cut production at the fastest rate since November 2011," the news release said.
General Tso was last seen cowering under his military tank, mumbling something about possible broken prosperity promises to more than a billion people.
"The weakness of numbers like the PMI does suggest that [the China economy] is having a very hard time turning around," Donna Kwok, senior China economist at UBS, told CNBC.
Can China mustard the energy to ketchup to its potential growth rate? Or is the potential growth rate just one big missed steak? In any event, China's central planners have little margarine for error.
Food for thought.
P.S. If you like food puns, I aim to peas. Otherwise, sorry to a salt you.
Food for thought. Here's some food for listening.
ReplyDeletemab,
ReplyDeleteI can't top that one!!
(Ran out of chocolate syrup. ;))
I think the Chinese will hear your MSG loud and clear. If they just chopstick with their plans and get to the soy sauce of the problem, through sweet and sour, there will be a rice in productivity. Even if they lose all their clothes, the noodle wok it out somehow -- they just Cantonese wages at present. You can fool some, but there's no way tofu them all. They won't tolerate the green teas'd from their wallets. My advice to chefs too eager to look at their portfolios: no Peking, duck, or it might cost you a fortune, cookie! (Thanks for your blog and pun inspiration, Mark!)
ReplyDeletePete,
ReplyDeleteBravo!
The only thing I don't like about Chinese puns is that I'm always hungry for more an hour later. ;)
Of course, I'd moo goo guy pan the puns if they were really bad, assuming I had a slimy cow.
Hey General Tso!!
Me; Knock knock.
Tso: Who's there?
Me: Orange.
Tso: Orange who?
Me: Orange you glad I didn't bring up chicken again you coward!!