China’s new strain of bird flu is less deadly than the old one. But that is about it for good news out of China these days. Monday’s manufacturing surveys for May showed that factory output had slowed and new orders fell sharply. This follows weeks of tightening in credit markets designed to rein in China’s shadow banking sector. Investors were indifferent to the news that China’s purchasing managers’ index had fallen to a four-month low – the Shanghai Composite index moved sideways. But that does not mean that all the bad news is fully priced in.
manbetx3.0 新型禽流感病毒的致病性低于早先类型。这是近些天来关于manbetx3.0 的唯一一条好消息。周一公布的5月份制造业调查数据显示，工厂产出增长已经放缓，新订单数量显著下降。在此之前，manbetx3.0 官方连续数周收紧信贷市场，以期控制影子银行体系。投资者对manbetx3.0 采购经理人指数(PMI)跌至4个月低点的消息无动于衷——上证指数横向盘整。但这并不意味着市场价格已经充分反映了所有的坏消息。