How to deal with manufacturing and processing industry remains in the doldrums , China jewelry

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current bad economic situation has become all the consensus. Released in August by the National Bureau of Statistics, China Manufacturing Purchasing Managers Index (PMI) was 49.2%, down 0.9 percentage points compared with July. In fact, this is not a particularly surprising news. Since April this year, the Chinese PMI has been a downward trend, especially the largest drop in May 6-July eased slightly, but the overall trend is still in decline. Interesting, the August data again exceeded 50%, while 50% is usually considered to be a critical point, reflect the manufacturing economy is higher than 50% in the expansion, less than 50% reflects the manufacturing economy is contraction.

Clearly, China's manufacturing industry is suffering from the recession, are under unprecedented pressure. So, what can we do? the since the reform and opening up, especially since joining the World Trade Organization, under the support and guidance of the export-oriented economic policies, China's manufacturing industry long maintained high-speed growth of the state share of global manufacturing in 2010, the proportion of has reached 20 percent, the primacy in the major economies. On the other hand, China is only the manufacturing center of the world, rather than the consumption centers. Say because, electronics, mechanical and electrical products from high-end to low-end clothing, toys, whether it is but in the end of a large part of these products are exported to overseas markets.

this economic model, China's manufacturing industry will inevitably become part of the world economy. That is to say, when the world economic prosperity, our manufacturing sector can derive substantial revenue, our manufacturing industry is immune from it, but when the world economy encountered cold snap. this case, perhaps nothing more than the annual sales of Christmas items more representative. March and April are usually foreign customers for the most intensive in the year Christmas orders, many domestic enterprises earlier this year in January to actively solicit old customers, but ideals and adverse effects. Yiwu news that, due to the economic downturn in Europe, the Middle East peace is expected this year's overall Yiwu Christmas goods exports, year-on-year to fall about 15%, plus the stock of the foreign hands.