www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Macro

China June HSBC PMI shows first expansion in six months

(Agencies) Updated: 2014-07-01 13:44

China June HSBC PMI shows first expansion in six months

An employee works at a textile factory in Jimo, Shandong province May 19, 2014. [Photo/Agencies]

Activity in China's factory sector expanded in June for the first time in six months as new orders jumped, a private survey showed on Tuesday, reinforcing signs of stabilization in the economy as the government steps up policy support.

The final reading of the HSBC/Markit purchasing managers' index (PMI) for June rose to 50.7 from May's 49.4, surging past the 50-point level that separates growth in activity from contraction for the first time since December.

The PMI was slightly weaker than the flash reading of 50.8, but was the highest since November, when it was also 50.8.

China June HSBC PMI shows first expansion in six months
China's HSBC flash PMI shows expansion in June 
The sub-index for new orders, a gauge of demand at home and abroad, hit a 15-month high of 51.8 in June. Stronger domestic demand likely accounted for the jump, as the sub-index for new export orders fell.

"The economy continues to show more signs of recovery, and this momentum will likely continue over the next few months, supported by stronger infrastructure investments," said Qu Hongbin, chief economist for China at HSBC.

"However, there are still downside risks from a slowdown in the property market, which will continue to put pressure on growth in the second half of the year. We expect both fiscal and monetary policy to remain accommodative until the recovery is sustained."

Asian shares firmed slightly on the factory activity report.

Beijing has unveiled a series of modest stimulus measures in recent months to give a lift to economic growth, which dipped to a 18-month low in the first quarter.

Such measures have included targeted reserve requirement cuts for some banks to encourage more lending, quicker fiscal disbursements and hastening construction of railways and public housing projects.

But the recovery looks patchy given a downturn in the property sector, which could spill-over into a wide range of industries, analysts say.

The HSBC/Markit survey also showed manuafacturing-sector jobs were still being shed in June, albeit at a slower pace.

The official manufacturing PMI rose to a six-month high of 51 in June from May's 50.8, the National Bureau of Statistics said earlier on Tuesday, in line with market expectations.

The official PMI is weighted more towards bigger and State-owned enterprises and tends to paint a rosier picture than the HSBC/Markit survey, which focuses more on smaller private firms.

A recent Reuters poll shows analysts expect annual GDP growth to slow to 7.3 percent in the second quarter from an 18-month low of 7.4 percent in the first quarter. They expect full-year growth of 7.3 percent in 2014, the weakest in 24 years.

The statistical bureau is due to release data on GDP growth for the second quarter on July 16, long with factory output, retail sales and investment figures.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 精品国产成人a区在线观看 精品国产成人a在线观看 | 草草影院永久在线观看 | 久草免费网站 | 欧美性生交大片免费看 | 香蕉97碰碰视频免费 | 日韩在线1 | 国内真实愉拍系列情侣自拍 | 精品视频一区二区三三区四区 | 免费高清特黄a 大片 | 第一色网站 | 成 人 在 线 免费 8888 www | 九九99| 在线观看欧洲成人免费视频 | 亚洲成人免费 | 精品国产免费久久久久久 | 亚洲欧美高清视频 | 美女视频黄视大全视频免费网址 | 午夜影院福利社 | 欧美多人三级级视频播放 | 国产精品久久久久久久久免费hd | 日韩欧美高清在线观看 | 91青草久久久久久清纯 | 北条麻妃在线一区二区 | 亚洲一区不卡 | 女人叉开腿让男人捅 | 欧美一级黄视频 | 就草草在线观看视频 | 久久精品久久久 | 亚洲男人天堂2018 | 欧美精品久久久久久久免费观看 | 国产精品久久久久久福利 | 日本三级香港三级三级人 | 免费欧洲毛片a级视频 | 国产激情视频在线播放 | 国产男女爽爽爽爽爽视频 | 日韩精品不卡 | 久久久网久久久久合久久久久 | 国产高清在线免费视频 | www.午夜| 日韩视频在线观看一区二区 | 色琪琪一本到影院 |