China's Economy `Soft Landing' Scenario

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Jan. 20 (Bloomberg) -- William Hess, managing director of China Capital Economics Group, talks about the nation's economy. China’s manufacturing may contract in January for a third month as Europe’s debt crisis curbs global growth, a survey indicated. The preliminary reading of 48.8 for a purchasing managers’ index released by HSBC Holdings Plc and Markit Economics today compares with a final number of 48.7 for December. The dividing line between contraction and expansion is 50. Hess speaks from Beijing with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)

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