By JAMES KANTER
MARCH 7, 2016
The New York Times
BRUSSELS — Turkey surprised European Union leaders on Monday by hitting them with a new set of demands if it is to help stem the flow of refugees from Syria and Iraq and other migrants seeking to enter Europe.
Leaders assessed the demands at an emergency summit meeting in Brussels, where Turkey’s prime minister asked for billions of euros in new assistance, easier access to visas for Turks to go to Europe and the dramatic acceleration of talks on Turkey’s membership in the bloc, a discussion that has languished for years.
The toughening of the Turkish position underscored Ankara’s apparent attempt to win more support from Europe if it is going to be expected to protect the bloc from hundreds of thousands of new asylum seekers.
But after a long day of negotiations that stretched into the early hours of Tuesday, the European leaders had made only partial progress, with many of them still assessing the terms. Even so, Angela Merkel, the German chancellor, said leaders would meet again in Brussels on March 18.
Tuesday, March 8, 2016
Syria refugee crisis: Turkey and EU agree outline of 'one in, one out' deal Angela Merkel describes Turkish proposal as a ‘breakthrough’ but says time needed to agree final details
The Guardian
European leaders said early on Tuesday morning that they had reached the outlines for a possible deal with Ankara to return thousands of refugees to Turkey and were hopeful a full agreement could be reached at a summit next week.
Analysis One in, one out – the EU's simplistic answer to the refugee crisis
The proposal that Europe will resettle every Syrian that Turkey allows in from Greece is morally and legally complex
Read more
Turkey’s prime minister, Ahmet Davutoğlu, outlined proposals to resettle one Syrian refugee in Europe for every Syrian returned to Turkey from the Greek islands.
Monday, March 7, 2016
The Next Level of the Refugee Crisis
MARCH 6, 2016
The New York Times
Calling what is happening in Europe a refugee crisis no longer captures the enormity of the problem. This is a catastrophe that will soon become far worse as warm weather swells the torrent of people fleeing war in Syria, Iraq and Afghanistan. With the European Union incapable of united action, country after country has imposed panicky controls on once-open borders to block the refugees.
On Monday, Macedonian police fired volleys of tear gas at asylum seekers who burst through a fence on the Greece-Macedonia border. The same day, France began clearing out “the Jungle,” an enclave near Calais with thousands of refugees waiting desperately to cross the English Channel into Britain. And as gates across Europe close to them, thousands upon thousands of people crowd into Greece, which is opening a new camp nearly every day.
The New York Times
Calling what is happening in Europe a refugee crisis no longer captures the enormity of the problem. This is a catastrophe that will soon become far worse as warm weather swells the torrent of people fleeing war in Syria, Iraq and Afghanistan. With the European Union incapable of united action, country after country has imposed panicky controls on once-open borders to block the refugees.
On Monday, Macedonian police fired volleys of tear gas at asylum seekers who burst through a fence on the Greece-Macedonia border. The same day, France began clearing out “the Jungle,” an enclave near Calais with thousands of refugees waiting desperately to cross the English Channel into Britain. And as gates across Europe close to them, thousands upon thousands of people crowd into Greece, which is opening a new camp nearly every day.
Grexit back on the agenda again as Greek economy unravels
After three emergency bailouts and the biggest debt restructuring in history, talk has again turned to the country dropping out of the currency union
The Guardian
European finance ministers will once again deliberate over how to treat Greece’s ongoing debt crisis this week despite the country desperately grappling with refugees pouring across its borders.
A meeting on Monday of finance ministers from the eurozone will determine whether creditors are to be given the green light to complete a long-delayed review of Greek economic recovery plans.
The review has been held up by disagreement among lenders over how much more Athens needs to cut from public spending. It is seen as key to reviving Greece’s banking sector and restoring business and consumer confidence.
“I think the situation right now is more dangerous than it was last summer,” the former finance minister Gikas Hardouvelis told the Guardian.
The Guardian
European finance ministers will once again deliberate over how to treat Greece’s ongoing debt crisis this week despite the country desperately grappling with refugees pouring across its borders.
A meeting on Monday of finance ministers from the eurozone will determine whether creditors are to be given the green light to complete a long-delayed review of Greek economic recovery plans.
The review has been held up by disagreement among lenders over how much more Athens needs to cut from public spending. It is seen as key to reviving Greece’s banking sector and restoring business and consumer confidence.
“I think the situation right now is more dangerous than it was last summer,” the former finance minister Gikas Hardouvelis told the Guardian.
Saturday, March 5, 2016
Migrant Crisis Alters E.U. Calculations for Greece as Its Debt Struggle Continues
By LIZ ALDERMANMARCH 4, 2016
The New York Times
ATHENS — When Greece’s debt crisis threatened to sink the European Union’s single currency last summer, the rest of Europe, led by Chancellor Angela Merkel of Germany, ganged up to deliver the Greek government a stern message: Overcome your domestic political problems and do what is necessary to hold the Continent together.
Eight months after Greece agreed to do its part, it is the rest of Europe that is failing to muster the will to address a threat to the bloc’s unity, this time the continued influx of migrants from the Middle East and beyond. And Greece, the main entry route for asylum seekers, has been largely left to fend for itself.
“We are now in the situation where Greece is essentially becoming a holding pen for refugees and is being asked to solve a problem created by other countries,” said Jens Bastian, an economics consultant based in Athens and a former member of the European Commission’s task force on Greece. “You are basically putting the management of Europe’s migrant crisis at the doorstep of Greece.”
The New York Times
ATHENS — When Greece’s debt crisis threatened to sink the European Union’s single currency last summer, the rest of Europe, led by Chancellor Angela Merkel of Germany, ganged up to deliver the Greek government a stern message: Overcome your domestic political problems and do what is necessary to hold the Continent together.
Eight months after Greece agreed to do its part, it is the rest of Europe that is failing to muster the will to address a threat to the bloc’s unity, this time the continued influx of migrants from the Middle East and beyond. And Greece, the main entry route for asylum seekers, has been largely left to fend for itself.
“We are now in the situation where Greece is essentially becoming a holding pen for refugees and is being asked to solve a problem created by other countries,” said Jens Bastian, an economics consultant based in Athens and a former member of the European Commission’s task force on Greece. “You are basically putting the management of Europe’s migrant crisis at the doorstep of Greece.”
Friday, March 4, 2016
European Commission Proposes EU Aid for Migrants Stuck in Greece
Tensions have flared at border with Macedonia as a result of border restrictions in the Balkans and Austria
The Wall Street Journal
By VALENTINA POP
Updated March 2, 2016 11:58 a.m. ET
5 COMMENTS
BRUSSELS—The European Commission proposed the creation of a €700-million ($760 million) humanitarian assistance program, mostly to accommodate tens of thousands of migrants stuck in Greece as the main route into Europe becomes increasingly cut off.
The program, announced Wednesday, would follow a model so far used only in conflict zones, with the commission providing the funding to the United Nations’ refugee agency and other groups, which would then carry out aid efforts including setting up emergency tents and handing out aid.
Tensions have flared over the past few days at Greece’s border with Macedonia as a result of border restrictions put in place by Austria and Balkan countries last month.
The Wall Street Journal
By VALENTINA POP
Updated March 2, 2016 11:58 a.m. ET
5 COMMENTS
BRUSSELS—The European Commission proposed the creation of a €700-million ($760 million) humanitarian assistance program, mostly to accommodate tens of thousands of migrants stuck in Greece as the main route into Europe becomes increasingly cut off.
The program, announced Wednesday, would follow a model so far used only in conflict zones, with the commission providing the funding to the United Nations’ refugee agency and other groups, which would then carry out aid efforts including setting up emergency tents and handing out aid.
Tensions have flared over the past few days at Greece’s border with Macedonia as a result of border restrictions put in place by Austria and Balkan countries last month.
UNHCR issues six-point plan to resolve Europe refugee crisis
Fri Mar 4, 2016 7:11am EST Related: WORLD, UNITED NATIONS
GENEVA
REUTERS
The United Nations refugee agency proposed a six-point plan to European Union heads of state on Friday to resolve the migrant crisis, warning that the situation was quickly deteriorating in Greece where some 30,000 refugees are stuck.
GENEVA
REUTERS
The United Nations refugee agency proposed a six-point plan to European Union heads of state on Friday to resolve the migrant crisis, warning that the situation was quickly deteriorating in Greece where some 30,000 refugees are stuck.
The U.S. just sent a carrier strike group to confront China
By David Larter, Navy Times 11:41 p.m. EST March 3, 2016
Navy Times
The U.S. Navy has dispatched a small armada to the South China Sea.
The carrier John C. Stennis, two destroyers, two cruisers and the 7th Fleet flagship have sailed into the disputed waters in recent days, according to military officials. The carrier strike group is the latest show of force in the tense region, with the U.S. asserting that China is militarizing the region to guard its excessive territorial claims.
Stennis is joined in the region by the cruisers Antietam and Mobile Bay, and the destroyers Chung-Hoon and Stockdale. The command ship Blue Ridge, the floating headquarters of the Japan-based 7th Fleet, is also in the area, en route to a port visit in the Philippines. Stennis deployed from Washington state on Jan. 15.
Navy Times
The U.S. Navy has dispatched a small armada to the South China Sea.
The carrier John C. Stennis, two destroyers, two cruisers and the 7th Fleet flagship have sailed into the disputed waters in recent days, according to military officials. The carrier strike group is the latest show of force in the tense region, with the U.S. asserting that China is militarizing the region to guard its excessive territorial claims.
Stennis is joined in the region by the cruisers Antietam and Mobile Bay, and the destroyers Chung-Hoon and Stockdale. The command ship Blue Ridge, the floating headquarters of the Japan-based 7th Fleet, is also in the area, en route to a port visit in the Philippines. Stennis deployed from Washington state on Jan. 15.
Thursday, March 3, 2016
Five Things to Know About China’s ‘Two Sessions’
Charlie Campbell / Beijing @charliecamp6ell 1:29 AM ET
TIME
China's ruling elite gather for their yearly double shindig
China’s governing class descends on Beijing this week for the nation’s top two annual political meetings. The National Committee of the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body, begins Thursday, with the main event, the National People’s Congress (NPC), the country’s anodyne legislature, kicking off on Saturday.
The “two sessions,” as they are colloquially known in China, are an important bellwether for assessing government policy in a one-party state where most decisions take place behind firmly closed doors. Around 3,000 provincial administrators, top businessmen and Chinese Communist Party (CCP) bigwigs are expected to attend.
TIME
China's ruling elite gather for their yearly double shindig
China’s governing class descends on Beijing this week for the nation’s top two annual political meetings. The National Committee of the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body, begins Thursday, with the main event, the National People’s Congress (NPC), the country’s anodyne legislature, kicking off on Saturday.
The “two sessions,” as they are colloquially known in China, are an important bellwether for assessing government policy in a one-party state where most decisions take place behind firmly closed doors. Around 3,000 provincial administrators, top businessmen and Chinese Communist Party (CCP) bigwigs are expected to attend.
The U.S. and India are deepening military ties — and China is watching
The Washington Post
By Dan Lamothe March 2 at 2:57 PM
The U.S. military’s top officer in the Pacific urged Indian officials Wednesday to pursue even closer military ties with the United States — part of a broader effort by the Pentagon to strengthen a relatively new partnership in the region, as China expands its military footprint in ways that alarm its neighbors.
Adm. Harry Harris, commander of U.S. Pacific Command, said that expanded cooperation between the United States and India will not only be critical to Washington’s re-balance toward the Pacific, but “will arguably be the defining partnership for America in the 21st century.” He said he shared a vision with U.S. Ambassador to India Richard Verma that Indian and U.S. naval vessels will soon steam together “as we work together to maintain freedom of the seas for all nations.”
New Migrant Crisis Flares in Greece
Thirty thousand stranded in Greece as EU tries to halt inflow from Middle East, South Asia and Africa
The Wall Street Journal
By NEKTARIA STAMOULI
Updated March 2, 2016 10:16 p.m. ET
IDOMENI, Greece—A clampdown along Balkan borders has left 30,000 migrants trapped in Greece, marking a new stage in the humanitarian crisis swamping Europe.
Countries farther up the migration trail, from Macedonia to Austria, are now letting in only a few hundred a day, and sometimes no one.
Allowing migrants to be stranded in Greece is considered the EU’s last option to halt the relentless inflow of people from the Middle East, South Asia and Africa. More and more EU governments have lost faith in German Chancellor Angela Merkel’s policy of stopping irregular migrants at Turkey, spreading bona fide refugees around the EU, and keeping Europe’s internal borders open.
Ms. Merkel warned this week of “chaos” in Greece, but other European Union leaders say there is no alternative to shutting down the Balkan migration route.
The Wall Street Journal
By NEKTARIA STAMOULI
Updated March 2, 2016 10:16 p.m. ET
IDOMENI, Greece—A clampdown along Balkan borders has left 30,000 migrants trapped in Greece, marking a new stage in the humanitarian crisis swamping Europe.
Countries farther up the migration trail, from Macedonia to Austria, are now letting in only a few hundred a day, and sometimes no one.
Allowing migrants to be stranded in Greece is considered the EU’s last option to halt the relentless inflow of people from the Middle East, South Asia and Africa. More and more EU governments have lost faith in German Chancellor Angela Merkel’s policy of stopping irregular migrants at Turkey, spreading bona fide refugees around the EU, and keeping Europe’s internal borders open.
Ms. Merkel warned this week of “chaos” in Greece, but other European Union leaders say there is no alternative to shutting down the Balkan migration route.
Wednesday, March 2, 2016
Philippine officials say China blocked access to disputed South China Sea atoll
Wed Mar 2, 2016 6:39am EST Related: WORLD, CHINA, SOUTH CHINA SEA
MANILA | BY MANUEL MOGATO
Reuters
China sent several ships to a disputed atoll in the South China Sea, preventing Filipino fishermen from accessing traditional fishing grounds and raising tensions in the volatile region, Philippine officials said on Wednesday.
China had sent as many as seven ships to Quirino Atoll, also known as Jackson Atoll, in recent weeks, said Eugenio Bito-onon Jr, the mayor of nearby Pagasa Island in the Spratly Islands.
The Spratlys are the most contested archipelago in the South China Sea, a resource-rich region and critical shipping lane linking North Asia to Europe, South Asia and the Middle East.
"This is very alarming, Quirino is on our path when we travel from Palawan to Pagasa. It is halfway and we normally stop there to rest," Bito-onon Jr told Reuters.
MANILA | BY MANUEL MOGATO
Reuters
China sent several ships to a disputed atoll in the South China Sea, preventing Filipino fishermen from accessing traditional fishing grounds and raising tensions in the volatile region, Philippine officials said on Wednesday.
China had sent as many as seven ships to Quirino Atoll, also known as Jackson Atoll, in recent weeks, said Eugenio Bito-onon Jr, the mayor of nearby Pagasa Island in the Spratly Islands.
The Spratlys are the most contested archipelago in the South China Sea, a resource-rich region and critical shipping lane linking North Asia to Europe, South Asia and the Middle East.
"This is very alarming, Quirino is on our path when we travel from Palawan to Pagasa. It is halfway and we normally stop there to rest," Bito-onon Jr told Reuters.
EU launches emergency refugee aid scheme for Greece
Wed Mar 2, 2016 7:12am EST Related: WORLD, UNITED NATIONS, GREECE, EURO ZONE
BRUSSELS | BY GABRIELA BACZYNSKA AND ALASTAIR MACDONALD
Reuters
The European Union, faced with a burgeoning refugee crisis in Greece, launched a new aid program on Wednesday worth an initial 700 million euros that mirrors the kind of disaster relief it offers developing nations.
As European states have closed borders following the arrival of nearly a million migrants by sea from Turkey last year, the Athens government has appealed for help to house and care for tens of thousands still arriving and now stranded in Greece.
The European Commission's proposal will, if approved, switch 300 million euros ($325 million) this year from its 155-billion euro annual budget to the new Emergency Assistance scheme and 200 million next year and in 2018.
BRUSSELS | BY GABRIELA BACZYNSKA AND ALASTAIR MACDONALD
Reuters
The European Union, faced with a burgeoning refugee crisis in Greece, launched a new aid program on Wednesday worth an initial 700 million euros that mirrors the kind of disaster relief it offers developing nations.
As European states have closed borders following the arrival of nearly a million migrants by sea from Turkey last year, the Athens government has appealed for help to house and care for tens of thousands still arriving and now stranded in Greece.
The European Commission's proposal will, if approved, switch 300 million euros ($325 million) this year from its 155-billion euro annual budget to the new Emergency Assistance scheme and 200 million next year and in 2018.
U.S. warns China on militarization of South China Sea
Wed Mar 2, 2016 2:59am EST Related: WORLD, CHINA, AEROSPACE & DEFENSE, SOUTH CHINA SEA
SAN FRANCISCO | BY ANDREA SHALAL
Reuters
U.S. Defense Secretary Ash Carter on Tuesday warned China against "aggressive" actions in the South China Sea region, including the placement of surface-to-air missiles on a disputed island.
"China must not pursue militarization in the South China Sea," Carter said in a wide-ranging speech at the Commonwealth Club in San Francisco. "Specific actions will have specific consequences."
Asked what the consequences could be, Carter told reporters the U.S. military was already increasing deployments to the Asia-Pacific region and would spend $425 million through 2020 to pay for more exercises and training with countries in the region that were unnerved by China's actions.
He said China's behavior had fueled trilateral agreements that would have been "unthinkable" even a few years ago.
SAN FRANCISCO | BY ANDREA SHALAL
Reuters
U.S. Defense Secretary Ash Carter on Tuesday warned China against "aggressive" actions in the South China Sea region, including the placement of surface-to-air missiles on a disputed island.
"China must not pursue militarization in the South China Sea," Carter said in a wide-ranging speech at the Commonwealth Club in San Francisco. "Specific actions will have specific consequences."
Asked what the consequences could be, Carter told reporters the U.S. military was already increasing deployments to the Asia-Pacific region and would spend $425 million through 2020 to pay for more exercises and training with countries in the region that were unnerved by China's actions.
He said China's behavior had fueled trilateral agreements that would have been "unthinkable" even a few years ago.
Are investors starting to not care about China?
Seema Mody
2-3-2016
11 Hours Ago
CNBC
The news out of China, bad or good, just doesn't seem to have as much bite anymore.
Sure, downbeat Chinese economic data on the first day of trading in 2016 ignited a global market sell-off. But as the year has worn on, the impact is diminishing.
Tuesday's disappointing manufacturing data showing activity at Chinese factories in February contracted and was at the lowest level since November 2011 didn't translate into higher stock market volatility or investor angst. In fact, U.S. markets surged as traders' focus turned elsewhere.
Similarly, news to start the week that China's central bank was cutting reserve requirements failed to generate a rally, as monetary easing otherwise might.
2-3-2016
11 Hours Ago
CNBC
The news out of China, bad or good, just doesn't seem to have as much bite anymore.
Sure, downbeat Chinese economic data on the first day of trading in 2016 ignited a global market sell-off. But as the year has worn on, the impact is diminishing.
Tuesday's disappointing manufacturing data showing activity at Chinese factories in February contracted and was at the lowest level since November 2011 didn't translate into higher stock market volatility or investor angst. In fact, U.S. markets surged as traders' focus turned elsewhere.
Similarly, news to start the week that China's central bank was cutting reserve requirements failed to generate a rally, as monetary easing otherwise might.
U.S. Captures ISIS Operative, Ushering in Tricky Phase
By HELENE COOPER, ERIC SCHMITT and MICHAEL S. SCHMIDTMARCH 1, 2016
The New York Times
WASHINGTON — An elite American Special Operations force has captured a significant Islamic State operative in Iraq and is expected to apprehend and interrogate a number of others in coming months, ushering in a new and potentially fraught phase in the fight against the extremist Sunni militant group.
American defense officials described the capture as a crucial development in battling the Islamic State but said it also raised questions about handling what is likely to be a growing group of detainees.
The New York Times
WASHINGTON — An elite American Special Operations force has captured a significant Islamic State operative in Iraq and is expected to apprehend and interrogate a number of others in coming months, ushering in a new and potentially fraught phase in the fight against the extremist Sunni militant group.
American defense officials described the capture as a crucial development in battling the Islamic State but said it also raised questions about handling what is likely to be a growing group of detainees.
Tuesday, March 1, 2016
What China Has Been Building in the South China Sea
By DEREK WATKINS
UPDATED February 29, 2016
China has placed runways and radar facilities on new islets in the South China Sea, built by piling huge amounts of sand onto reefs. The construction is straining already taut geopolitical tensions
The New York Times
The speed and scale of China’s island-building spree in the South China Sea last year alarmed other countries with interests in the region. After announcing in June that the process of building seven new islands by moving sediment from the seafloor to reefs was almost done, China has focused its efforts on building ports, three airstrips, radar facilities and other military buildings on the islands. The installations bolster China’s foothold in the Spratly Islands, a disputed scattering of reefs and islands in the South China Sea more than 500 miles from the Chinese mainland.
China’s activity in the Spratlys is a major point of contention between China and the United States, and has prompted the White House to send Navy destroyers to patrol near the islands twice in recent months.
UPDATED February 29, 2016
China has placed runways and radar facilities on new islets in the South China Sea, built by piling huge amounts of sand onto reefs. The construction is straining already taut geopolitical tensions
The New York Times
The speed and scale of China’s island-building spree in the South China Sea last year alarmed other countries with interests in the region. After announcing in June that the process of building seven new islands by moving sediment from the seafloor to reefs was almost done, China has focused its efforts on building ports, three airstrips, radar facilities and other military buildings on the islands. The installations bolster China’s foothold in the Spratly Islands, a disputed scattering of reefs and islands in the South China Sea more than 500 miles from the Chinese mainland.
China’s activity in the Spratlys is a major point of contention between China and the United States, and has prompted the White House to send Navy destroyers to patrol near the islands twice in recent months.
Greece's refugee crisis: PM says country is overwhelmed
Alexis Tsipras speaks out as Greece struggles to care for 30,000 trapped migrants and Brussels prepares urgent aid
The Guardian
The arrival of tens of thousands of refugees has plunged Greece into an unprecedented crisis the likes of which no nation could manage alone, the country’s embattled prime minister, Alexis Tsipras, has said.
Speaking as the European commission signalled it was putting together an urgent humanitarian aid package for the country after predictions that more than 200,000 men, women and children will be marooned there by summer, the leftwing leader said Brussels had promised “support and solidarity”.
“We are experiencing the biggest refugee crisis since the second world war,” he told Greek Star TV. “The problem surpasses the powers of the country, the strength of a government and the innate weaknesses of the European Union.”
The Guardian
The arrival of tens of thousands of refugees has plunged Greece into an unprecedented crisis the likes of which no nation could manage alone, the country’s embattled prime minister, Alexis Tsipras, has said.
Speaking as the European commission signalled it was putting together an urgent humanitarian aid package for the country after predictions that more than 200,000 men, women and children will be marooned there by summer, the leftwing leader said Brussels had promised “support and solidarity”.
“We are experiencing the biggest refugee crisis since the second world war,” he told Greek Star TV. “The problem surpasses the powers of the country, the strength of a government and the innate weaknesses of the European Union.”
Army's Delta Force begins to target ISIS in Iraq
Barbara Starr-Profile-Image
By Barbara Starr, CNN Pentagon Correspondent
Updated 2227 GMT (0627 HKT) February 29, 2016
CNN
Washington (CNN)The U.S. Army's elite Delta Force operations to target, capture or kill top ISIS operatives have begun in Iraq, after several weeks of covert preparation, an administration official with direct knowledge of the force's activities told CNN.
The official said the group has spent the last several weeks preparing, including setting up safe houses, establishing informant networks and coordinating operations with Iraqi and Peshmerga units. It's the same strategy that Special Operations forces have used in previous deployments to combat zones.
Several Pentagon and military officials declined to discuss specifics of the so-called Expeditionary Targeting Force with CNN.
But Defense Secretary Ash Carter seemed to confirm in comments made at the Pentagon on Monday that the Special Operations forces had begun missions.
By Barbara Starr, CNN Pentagon Correspondent
Updated 2227 GMT (0627 HKT) February 29, 2016
CNN
Washington (CNN)The U.S. Army's elite Delta Force operations to target, capture or kill top ISIS operatives have begun in Iraq, after several weeks of covert preparation, an administration official with direct knowledge of the force's activities told CNN.
The official said the group has spent the last several weeks preparing, including setting up safe houses, establishing informant networks and coordinating operations with Iraqi and Peshmerga units. It's the same strategy that Special Operations forces have used in previous deployments to combat zones.
Several Pentagon and military officials declined to discuss specifics of the so-called Expeditionary Targeting Force with CNN.
But Defense Secretary Ash Carter seemed to confirm in comments made at the Pentagon on Monday that the Special Operations forces had begun missions.
China's PMI Reports Show Slowdown Deepening as Services Slip
Bloomberg News
March 1, 2016 — 3:01 AM EET Updated on March 1, 2016 — 9:11 AM EET
Bloomberg
China's factory gauge extended its stretch of deteriorating conditions to a record seven months while a measure of services fell to the weakest in seven years, underscoring the challenge for policy makers as they seek to cut overcapacity in manufacturing without derailing growth.
The manufacturing purchasing managers index dropped to 49 in February, missing the median estimate of 49.4 in a Bloomberg News survey of economists. It hasn’t been weaker since January 2009. Numbers below 50 indicate conditions worsened. In a sign China’s slowdown is spreading, the non-manufacturing PMI -- which has been outperforming the factory measure -- fell to the lowest level since December 2008.
March 1, 2016 — 3:01 AM EET Updated on March 1, 2016 — 9:11 AM EET
Bloomberg
China's factory gauge extended its stretch of deteriorating conditions to a record seven months while a measure of services fell to the weakest in seven years, underscoring the challenge for policy makers as they seek to cut overcapacity in manufacturing without derailing growth.
The manufacturing purchasing managers index dropped to 49 in February, missing the median estimate of 49.4 in a Bloomberg News survey of economists. It hasn’t been weaker since January 2009. Numbers below 50 indicate conditions worsened. In a sign China’s slowdown is spreading, the non-manufacturing PMI -- which has been outperforming the factory measure -- fell to the lowest level since December 2008.
Subscribe to:
Posts (Atom)