By Tianlun Jian
China's
economic data has dismayed investors and economists since last year. The HSBC Purchasing Index (PMI) posted 47.9
in September, signaling an eleven month-on-month deterioration in China's
manufacturing sector. Industrial output in August rose at the slowest rate in
three years, and profits in the industrial sector declined 6.2 percent in
August vs. a year ago, according to China's National Bureau of Statistics.