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

Make me your Homepage
left corner left corner
China Daily Website

Flash PMI data point to growth

Updated: 2013-09-24 02:25
By HE WEI ( China Daily)

Activity in China's vast manufacturing sector hit a six-month high in September as new orders rebounded, a non-official survey showed on Monday, adding to signs of stabilization in the world's second-largest economy.

HSBC's preliminary Purchasing Managers' Index rose to 51.2 from August's final reading of 50.1, the second consecutive month above the watershed 50 level, which separates expansion from contraction.

Flash PMI data point to growth

Workers examine mining equipment on Monday in Huaibei, Anhui province. HSBC's preliminary PMI reading for September, which is at 51.2, boosted confidence that the government's annual growth target could be met.?XIE ZHENGYI / FOR CHINA DAILY

The data — the earliest reading of China's economic performance in September — boosted confidence that the government may be able to meet its growth target for the year.

The preliminary survey, conducted by HSBC Holdings Plc and market data vendor Markit Group Ltd, is usually published about a week before the release of the final figures, making it the earliest available indicator of the manufacturing sector's performance.

Major sub gauges, including new orders, output and new export orders, advanced at a faster pace than in the previous month, except for the employment reading, which stood below 50.

"The firmer footing was supported by simultaneous improvements of external and domestic demand conditions," said Qu Hongbin, HSBC's chief economist in China.

"We expect a more sustained recovery as further filtering-through of fine-tuning measures should lift domestic demand. This will create more favorable conditions to push forward reforms, which should in turn boost the mid- and long-term growth outlooks," he said.

Official PMI data, which focus on large and State-owned firms, have been generally rosier than HSBC's survey, which mainly looks at smaller and private companies.

The latest survey suggested that smaller firms are starting to follow the steps of their larger counterparts, as official data last month climbed to 51 from 50.3 in July.

The government has recently announced a series of measures to support the slowing economy, including scrapping taxes for small firms, offering more help to ailing exporters and boosting investment in urban infrastructure and railways.

The State Council, China's cabinet, said in July that it would simplify customs clearance procedures, cut administrative fees and provide zero tariffs for exporters in the service sector.

Gao Qiang, general manager of Shanghai SVS Tools Co Ltd, said the fine-tuning measures have in part helped to stabilize the exports of his company to India.

Orders for the electronic machine-maker have been steady in the last three months, with monthly shipments rising to two containers from just one container in the first four months of the year.

A similar trend has also been seen at Shanghai SIIC Zhentai Chemical Co Ltd, a company of about 200 employees that makes magnesium oxide products for manufacturing companies. Orders from both domestic and overseas clients have picked up since June, said company spokesman Liang Hong.

"We're also considering adding new staff as signs of a recovery are becoming more evident," Liang noted.

At the same time, last month, China's industrial output, retail sales and export data all showed gains.

The economic recovery may continue until November as monetary policy may be tightened after the third plenary session of the Communist Party of China Central Committee, a defining meeting to discuss deepening reforms in an all-round way, according to Zhang Zhiwei, chief economist in China at Nomura Securities Co Ltd.

"The recovery has been mostly supported by heavy industry, such as steel production. However, at the November meeting we expect the government to shift its focus away from the speed of growth, toward efforts to rebalance the economy and improve the quality of growth," he said.

He expects the official PMI figure to rise to 51.7 in September from 51 in the previous month.

 

8.03K
 
...
...
...
主站蜘蛛池模板: 亚洲视频网址 | 欧美一线高本道高清在线 | 久久91精品国产91 | 午夜精品视频在线观看美女 | 国内自拍在线观看 | 免费黄色毛片视频 | 狠狠色丁香九九婷婷综合五月 | 最新主播福利视频在线观看 | 9久久免费国产精品特黄 | 香蕉久久一区二区不卡无毒影院 | 综合欧美一区二区三区 | 91热在线观看精品 | 99pao在线视频成精品 | 美女张开大腿让男人捅 | 成人影院免费观看 | 久久ri精品高清一区二区三区 | 久久精品国内一区二区三区 | 国产精品欧美亚洲韩国日本不卡 | 男女在线免费视频 | 欧美性久久久久 | 日本理论片午夜论片 | 国产精品一区二区国产 | 国产精品久久久久影院色老大 | 欧美影院网站视频观看 | 欧美高h视频 | 欧美精品在线免费观看 | 欧美一级视频高清片 | 国产成人久久久精品毛片 | 日韩第一视频 | 久久极品 | 久久高清一区二区三区 | 亚洲美女视频在线 | 色综合色狠狠天天久久婷婷基地 | 欧美午夜在线观看理论片 | 国产日韩欧美自拍 | 一区二区网站 | 一级毛片免费完整视频 | 一级片aaaa| 日本免费在线一区 | 韩国免费特一级毛片 | 九九精品视频一区二区三区 |