align="left"> In June the new financial China general manufacturing PMI (PMI) (seasonally adjusted) was recorded in 48.6, down 0.6 percentage points higher than in May, showed a further slowdown in manufacturing operation, slowed in 4 months as the most significant, but still moderate.

The factor that led to the decline of PMI in the manufacturing sector in the new Chinese manufacturing sector was the increase in output shrinkage, the most significant in 4 months. Surveyed companies generally reflect the poor market conditions, new business, LED manufacturers to cut. Customer demand weakened, resulting in a total of two consecutive monthly decline in new business, in part due to weakening demand for foreign customers, the new export volume has declined for seven consecutive months, a mild decline.

In order to reduce costs and improve efficiency, manufacturers continue to compress employment, labor contract trends have continued for 32 months. June employment contraction rate and the previous four months, a significant decline. Even after three months, the average cost of manufacturing industry in June decreased, but the overall decline is only slightly. Some of the respondents said that the decline in costs related to the cost of raw materials.

Monita macroeconomic research director Zhong Zhengsheng said, overall, the two quarter was weaker in the first quarter, the economic downward dip unabated. In the domestic economic downturn, the external economic turmoil in the background, the three quarter of the government is necessary to make a positive fiscal policy more positive, prudent monetary policy continues to cooperate in order to avoid the risk of economic downturn occurs.