's two-year high at the point of the significant downturn,abercrombie paris, but still the fourth consecutive month to remain at the top of the ups and downs of the watershed,ray ban, shows that the Chinese economy is still recovering. did not change in the trend of economic growth. HSBC data released yesterday showed that the HSBC China manufacturing purchasing managers' index (PMI) in February to 50.4, the highest four-month low. Compared with January, the index is not only the final value of 52.3 (the highest two-year highs) sharply, down 1.9 percentage points, and also lower than the data series of the long-term average of 51.7,oakley outlet. From the sub-indexes, in February, the new orders index fell to a three-month low,longchamp; output index fell to a four-month low; New export orders also fell back,ray ban; finished goods inventory to measure the growth of new orders cut indicators to 1.4 (previously 4,ray ban.2). "Spring Festival factors and external demand continued weakness in February,hollister, the initial values of the HSBC manufacturing PMI fell back, but still the fourth consecutive month the index remained at 50 The ups and downs of the watershed above the Chinese economy is still gradual recovery", HSBC chief China economist Qu Hongbin said,ray ban pas cher. Qu Hongbin, analysts said, the context of continued external demand, weak, moderate economic recovery momentum to continue by the following factors support: current PMI corresponding to about 11% of the growth of industrial production; employment index has been three months to keep more than 50, and the employment index is still in the expansion zone enterprises optimistic expectations of future demand prospects, hint at a future consumption remained stable; investment growth is expected to get the credit expansion to speed up support, and continue as a stable support economic the main strength of the rebound,hollister france. Domestic demand to promote economic rebound will continue to be sustained in the future. "China Logistics and Purchasing Federation, the National Bureau of Statistics official PMI data for February will be released on March 1. Previously, the data show that, the January PMI slightly dropped to 50.4%, but the fourth consecutive month to remain at the top of the ups and downs of the watershed. Although the manufacturing sector is still expanding interval, the economic recovery trend does not change, but it is worth noting that the foundation for economic recovery is still strong. CICC chief economist Peng Wensheng, pointed out, there is greater uncertainty in external demand this year, and the manufacturing investment and private investment remained weak, especially small and medium-sized enterprises did not reflect the significant growth pick-up display to enhance the growth momentum yet solid,abercrombie. Based on the above expectations, some analysts have pointed out, the first quarter of this year,hollister, GDP is expected to be around 7.8%, with the annual growth rate in 2012 was essentially flat,louboutin, but slightly lower than the growth rate of 7.9% in the fourth quarter. Academy of Social Sciences, deputy director Li Xuesong said that at present China is still in an initial stage of the economic recovery, the need to further consolidate the momentum of the economic recovery, "in October last year, the profits of industrial enterprises above designated size are negative growth only to November,ray ban pas cher, December, began to slightly positive growth in the case of a real economy is weak, although we predict that this year's economic growth rate slightly higher than in 2012, but the overall economy is still facing downstream the risk. "