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

chinadaily.com.cn
left corner left corner
China Daily Website

Chinese manufacturing picks up in Oct

Updated: 2012-11-01 09:42
( Xinhua)

BEIJING - China's manufacturing activity rejuvenated in October, official data showed Thursday.

The purchasing managers' index rose to 50.2 percent in October from 49.8 percent in September, just above the 50-percent figure that demarcates expansion from contraction, according to data released by the China Federation of Logistics and Purchasing.

Swinging above the boom-bust line, the October index indicated that the economy's downward movement may be reversing, according to experts.

"The regain shows the economy is improving, and I believe there will be a modest rise in the fourth quarter," said Cai Jin, CFLP vice chairman.

Readings for sub-indices have also indicated expansion. The sub-index for new orders climbed 0.6 percentage points from September to 50.4 percent last month. The output sub-index for October stood at 52.1 percent, up 0.8 percentage points from the previous month.

Readings for sub-indices have also indicated expansion. The sub-index for new orders climbed 0.6 percentage points from September to 50.4 percent last month. The output sub-index for October stood at 52.1 percent, up 0.8 percentage points from the previous month.

The sub-index for new export orders rose 0.5 percentage points from September to 49.3 percent, while the import sub-index climbed 0.7 percentage points to 48.4 percent.

"Improvements in the overall factory activity and some PMI sub-indices means companies have generally finished destocking, which will lay a good foundation for fourth-quarter growth," said Zhang Liqun, an analyst with the Development Research Center of the State Council, a government think tank.

The PMI rebounded to 49.8 percent in September, ending four straight months of decline. The index fell below the boom-bust line in August for the first time since November 2011.

Also on Thursday, the final reading of a privately-compiled survey by HSBC was released. It put the October PMI for Chinese manufacturers at an eight-month-high of 49.5 percent, up from 47.9 percent in September.

HSBC economist Qu Hongbin said the increase indicated that the country's pro-growth measures are starting to take effect. He said policy makers will continue to take an easy policy stance to boost domestic consumption and the economy will see a modest recovery in coming quarters.

Data released last month by the National Bureau of Statistics showed that China's economic growth slowed to an annual rate of 7.4 percent in the third quarter. However, September data indicated a pick-up in economic activity.

To buoy the slowing economy, the Chinese government has rolled out an array of measures this year, including two cuts to benchmark interest rates, the easing of bank reserve requirements and the approval of infrastructure projects worth more than one trillion yuan ($157.73 billion).

Liu Ligang, an economist with the ANZ National Bank Ltd, said local investment programs have fueled overall economic growth and the trend will continue after the once-a-decade leadership change.

A new Communist Party of China leadership will emerge during the CPC's 18th National Congress on Nov 8.

Liu said China's demand for commodities may increase in the foreseeable future and the central bank is less likely to lower banks' reserve requirement ratios or conduct massive reverse repos in recent months.

The central bank on Tuesday injected a record high of 395 billion yuan into the financial system via reverse repos in order to ease a cash squeeze at the end of October.

The central bank prefers reverse repos over reserve requirement ratio cuts when easing money supplies to prevent a rebound in housing and commodity prices.

Boosted by news of an increase of manufacturing activities, Chinese stocks closed higher on Thursday with the benchmark Shanghai Composite Index up 1.73 percent, or 35.84 points, to 2,104.72.

The Shenzhen Component Index closed at 8,663.15, up 193.35 points, or 2.28 percent.

 

...

...
...
主站蜘蛛池模板: 久久国产一片免费观看 | 久热国产视频 | 美日韩黄色片 | 日韩一区二区三区视频在线观看 | 欧美日韩综合网在线观看 | 黄网在线免费 | 国产亚洲91 | 国产97视频在线 | 99国产国人青青视频在线观看 | 久久亚洲精品中文字幕三区 | 99国产精品免费视频观看 | 91麻精品国产91久久久久 | 久久久精品久久久久三级 | 黄色在线视频网 | 国产一区国产二区国产三区 | 欧美日本色 | 521a久久九九久久精品 | 国产精品成人免费 | 久久久国产亚洲精品 | 国产精品亚洲精品影院 | 美女午夜影院 | 欧美真人毛片动作视频 | 欧美xxxxx毛片 | 日本毛片免费看 | 91原创视频在线观看 | 欧美日韩综合精品一区二区三区 | 国产亚洲精品一区久久 | 日韩精品一区二区三区乱码 | 亚洲一区二区三区不卡视频 | 成人a毛片视频免费看 | 国产精品美女久久久久网站 | 不卡一区在线观看 | 99精品视频在线观看免费播放 | avtom影院入口永久在线 | 久99久精品视频免费观看v | 国产日韩欧美一区 | 美女被男人桶到嗷嗷叫爽网站 | 日本人成在线视频免费播放 | 欧美午夜a级精美理论片 | 国产成人精品一区二区不卡 | 亚洲一区二区免费视频 |