GROWTH in RED China’s vehicle sales may slow in 2010 because of a large base, according to the Ministry of Commerce.

And he official Purchasing(still FAKE,to high) Managers Index, a measure of the nation’s manufacturing activities, settled at 55.8 percent in January, the China Federation of Logistics and Purchasing said. It slipped 0.8 percentage points from a month earlier

Of cource and again SHANGHAI’S key stock index plunged and closed on the lowest level since October on fears that the stronger US dollar may trigger a capital exodus from emerging markets.

The benchmark Shanghai Composite Index tumbled 1.65 percent, to close at 2941.36. Turnover stood at 56 billion yuan (US$8.24 billion) yuan. Losers outnumbered gainers 674 to 211 and 4 remained unchanged.

The Shenzhen Composite Index, which tracks the smaller domestic market, was down 1.22 percent to close at 1,098.11 points.

Not good for US……………

- doubledutch

Related Posts:

• China market: Down trend is confirmed.
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• Euro at $1.50 is ‘disaster’ for Europe
• China’s stocks rise to 10-month high
• The latest from Bloomberg: The market now understands the implication of foreigners pulling out of the dollar

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