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 / Top Biz News

China's service industry solid despite fall in PMI index

By Wang Yanfei (chinadaily.com.cn) Updated: 2016-05-05 18:32

A key private gauge of services activity indicates the industry has continued to expand in April.

According to economists, this is good news for policymakers who are trying to bolster the world's second-largest economy.

The China Caixin services purchasing managers' index (PMI) released on Thursday stood at 51.8 for April, down from 52.2 in March. It remains above the expansion-contraction demarcation line of 50.

A reading above 50 indicates the sector's activity is growing, while one below that level suggests a contraction.

The index, compiled mainly based on survey of small and medium-sized enterprises, is roughly in line with Sunday's official services PMI, which came in at 53.5 for April, down from 53.8 in March.

He Fan, chief economist at Caixin Insight Group, sent a note on Thursday saying, "The overall performance of the sector, though falling by 0.4, remains in expansionary territory. That helped offset some of the negative impact caused by the sluggish manufacturing sector."

The Caixin manufacturing PMI released earlier on May 3 fell from 49.7 in March to 49.4 in April.

According to a news release by Markitt, a research firm that released the monthly index with Caixin, the sub-index of employment of the services sector witnessed a major uptick above the neutral 50-point level, which is mainly driven by quickening pace of new order growth — 12 percent of respondents recording higher new business compared with less than 3 percent claiming a decline.

Gao Huiqing, an expert with the economic forecasting department at the State Information Center, said that the service sector, which since last year has become the new driving force of the economy, is expected to see growth in the second and third quarters.

"The sector wouldn't be affected by the downward pressure that much compared to the flagging manufacturing," said Gao.

"Growth of employment, especially in high-tech and tourism industries, will continue to increase in the long-term."

However, Gao pointed out that a good start in the first quarter has a lot to do with the government's stimulus efforts, which he thought may still lack a solid foundation for a sustained recovery.

"What is worrying is that structural problems and supply-side reform need to be further implemented," said Gao.

"The government needs to keep implementing moderate stimulus policies to prevent any hard landing as the downward pressure still poses risks."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美精品一区二区在线观看 | 欧美性aaa| aaaa欧美高清免费 | 日韩精品一区二区三区高清 | 一级美女黄色片 | 日本黄色官网 | 毛片在线视频在线播放 | 三级毛片免费观看 | 国产美女拍拍拍在线观看 | 精品久久中文网址 | 久久精品国产福利 | 亚洲天堂一区在线 | 女人张开腿让男人桶个爽 | 亚洲成人黄色在线 | 亚洲国产一区在线精选 | 国产一区视频在线 | 亚洲视频欧美视频 | 久久综合久久自在自线精品自 | 成人免费一区二区三区视频软件 | 香港经典毛片a免费观看 | 欧洲美女a视频一级毛片 | 日本一区二区三区高清福利视频 | 特黄特黄黄色大片 | 国产精品亚洲成在人线 | 亚洲特级黄色片 | 热e国产 | 亚洲欧美综合久久 | 久草com | 美女视频很黄很a免费国产 美女视频黄.免费网址 | 国产毛片一级国语版 | 大片毛片 | 国内精品伊人久久 | 精品久久久久久久 | 国产欧美在线观看视频 | 99re6热视频精品免费观看 | 一级成人a免费视频 | 久久99这里只有精品国产 | 99国产精品久久久久久久成人热 | 91精品成人福利在线播放 | 伊人久热这里只有精品视频99 | 亚洲视频一区二区在线观看 |