Although various current adverse effects will have a thrust on China's economic slowdown, the adverse impact will not be higher than during the financial crisis, and China's macroeconomic policy design should not be overreacted. HSBC announced on the 23rd that the HSBC China Manufacturing Purchasing Managers Index (PMI) preview value was 48.0 in November, a sharp drop of 3 percentage points from the final value in October, the lowest in nearly 32 months. The preview value of China's manufacturing output index recorded 46.7, a sharp drop of 4.7 percentage points from the final value in October, the largest decline since March 2009. Qu Hongbin, chief economist at HSBC China, believes that although the new export orders index will continue to grow in the month, external demand may continue to weaken, and domestic demand is cooling. It is expected that the growth rate of industrial added value in the next few months may be around 13%. Continue to fall back to the 11%-12% range. In the context of continued slowdown in growth and falling inflationary pressures, policymakers will further introduce targeted easing policies to ensure a soft landing. From the specific sub-item data, the output, new orders, and purchasing quantity index in November all showed a shrinking state. Despite the expansion of the new export orders due to the Christmas effect in the European and American markets, the export outlook remains weak, and the significant decline in the output index has been the main reason for the drop in the PMI this month. “Given the relaxation of domestic policy stance since October, we speculate that this data mainly reflects the weakness of external demand growth.†Goldman Sachs Gao Hua China macro economist Song Yu told China Economic Times reporter that growth and inflation in the coming months At the same time, if there is a rapid decline, the possibility of further monetary policy relaxation will increase greatly. Although the PMI fell below 50 in November, there is no need to panic, and the Chinese economy will not immediately enter the contraction zone. The easing of inflationary pressures also creates room for further relaxation of policies and helps ensure a soft landing. The research report released by Barclays Capital on the 23rd indicated that the HSBC China PMI preview value was lower than expected in November, indicating that China's industrial production continued to slow down. Although the data below 50 does not mean that China's industrial production will fall into recession in the next few months, at least the risk of China's economic downturn is now increasing. "China's 2012 economic growth of 8.4% is expected to reduce risk." Nomura Securities released a report also said that HSBC China PMI preview value shows that China's manufacturing activity has again slowed sharply, China's first quarter next year GDP growth rate fell to 8% The following risks increase. Despite this, the basic pattern of China’s economic soft landing will not change. Qu Hongbin believes that the rapid reduction of inflationary pressure has reserved space for policy policy to further relax the policy. The sharp rebound in new loans in October showed the effect of a partially loose monetary policy. The rebound in both short-term and medium- and long-term loans indicates that not only SMEs may receive more financial support, but also the funding needs of many infrastructure projects under construction have been continuously supplied. This relaxed policy effect may be reflected in domestic demand in the short term. In addition, the construction of affordable housing has accelerated the decline in private sector real estate investment. And the job market remains stable and helps support income growth. Although real estate regulation will continue, real estate price adjustment is inevitable. Under the premise of low leverage, China's consumer demand is still expected to remain stable. Gao Peiyong, director of the Institute of Finance and Trade of the Chinese Academy of Social Sciences, said that although the current adverse effects will have a thrust on China's economic slowdown, in general, this adverse impact will not be higher than in late 2008 and early 2009, facing Europe and the United States. The new economic shocks, China's macro policy design should not be overreacted.
Plano-convex cylindrical lenses feature a single plano and single convex cylindrical surface, while their focal length is positive. These lenses operate only in one dimension rather than two, compared to plano-convex spherical lenses.
Plano convex cylindrical lenses are utilized to compress light in 1 axis. In order to generate a line image from a point of light and to change the aspect ratio of an image, a positive (convex) Cylindrical Lens is used. It is also applied to focus collimated input light to a line. Plano convex cylindrical lenses are normally used for line detector arrays, anamorphic beam shaping, laser projection, laser line focusing, and illumination of slit.
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