The RatingDog China General Manufacturing PMI, conducted by S&P Global, dropped to 49.9 in November, missing analysts' expectations of 50.5 in a Reuters poll.
??? This is a private estimate for one. And literally they missed out on industrial profits by like 0.5 percent, profits, yea clearly the denominator for industrial prowess.
As I can see here, the official PMI is worse and PMI under 50 means contraction, hence why „0.5 percent“ has more impact than the small number would suggest.
Ofc, this is all laughably insignificant compared to current industrial collapse in the Collective West which is, on the other hand, being trivialized by the mainstream media.
To be honest this has the vibe of “Omg what happened to by profits 😭” I’m all due honesty. And assumes that china won’t like, idk, Nationalize failing companies, and that it’ll do what the west did and wait like a few decades for it’s industry to decay and won’t do fuck all lol.
??? This is a private estimate for one. And literally they missed out on industrial profits by like 0.5 percent, profits, yea clearly the denominator for industrial prowess.
As I can see here, the official PMI is worse and PMI under 50 means contraction, hence why „0.5 percent“ has more impact than the small number would suggest.
Ofc, this is all laughably insignificant compared to current industrial collapse in the Collective West which is, on the other hand, being trivialized by the mainstream media.
To be honest this has the vibe of “Omg what happened to by profits 😭” I’m all due honesty. And assumes that china won’t like, idk, Nationalize failing companies, and that it’ll do what the west did and wait like a few decades for it’s industry to decay and won’t do fuck all lol.