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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

JPMorgan reports decline in China's business sentiment

By Chen Jia | China Daily | Updated: 2013-02-27 07:33

Sharp drop in Feb index reflects banking, energy sector difficulties

China's economic growth momentum has weakened sharply in February, reflecting seasonal factors and a deterioration in confidence in the banking and energy sectors, according to JPMorgan Chase & Co.

It's Research Analyst Sentiment Index, a leading indicator tracking aggregate company-level performance, registered a sudden drop to 39.4 in February from 57.2 in January.

Any reading above 50 means a positive outlook in the macroeconomic environment, while below 50 indicates a pessimistic overview.

The latest data - calculated based on the similar methodology used for regular Purchasing Managers' Indexes - showed that company outlooks for both production volumes and business earnings were lower, after five straight months of rising optimism.

Zhu Haibin, JPMorgan's chief economist in China, said that a marked deterioration in confidence was reported in the banking industry largely because of a weaker risk-reward balance in the sector.

The energy industry also weighed heavily in the Sentiment Index after experiencing a large deterioration in confidence during February, said Zhu.

"Other industries more sensitive to seasonal factors, such as transportation, machinery, and metal and mining, deteriorated too," he added.

The February decline in the Sentiment Index - first launched by JPMorgan in August 2012 - is in line with a similar drop in the preliminary reading of a PMI released on Monday by banking giant HSBC Plc, which tracks China's manufacturing sector.

That showed growth in February pulled back from two-year highs despite racking up a fourth consecutive month of expansion.

The HSBC flash PMI for February slipped to 50.4 from January's final reading of 52.3, the best showing since January 2011. Its final data is expected to be released on March 1.

However, Zhu said that the eventual manufacturing PMI from HSBC could well remain steady in February, as sentiment for consumption sectors such as the auto and healthcare industries, continued to improve.

"We expect the cyclical recovery in the Chinese economy to continue in 2013," said Zhu.

"It continues to benefit from the policy easing, the housing market recovery, the turnaround of the destocking process and a moderate global recovery."

JPMorgan also predicted China's economic growth is likely to accelerate this year to 8.2 percent, compared to 7.8 percent last year.

Wang Tao, the chief Chinese economist with Swiss banking giant UBS AG, added that as the economy recovers, inflation and further property prices rise may push the government to start to tighten its credit policy.

"Concerns about over-investment and the financial sector are rising," Wang said.

Contact the writer at chenjia1@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产高清一级毛片在线不卡 | 国产免费人视频在线观看免费 | 免费观看一级成人毛片 | 国产亚洲精品资源一区 | 欧美日本高清视频在线观看 | 九九精品视频在线观看 | 日韩国产精品欧美一区二区 | 国产亚洲高清不卡在线观看 | 亚洲一区二区三区欧美 | 亚洲成人tv | 九草视频| 国产在线成人精品 | fc2久久| 中文字幕免费观看 | 国产综合在线观看 | 亚洲乱淫 | 无圣光福利视频 | 中文字幕在线视频在线看 | 美美女高清毛片视频免费观看 | 国产精品久久国产精品99 | 国产高清自拍一区 | 草草日 | 久久亚洲精品23p | 久久亚洲精品中文字幕三区 | 日本久久久 | 国产在线高清不卡免费播放 | 日韩在线精品视频 | 日本加勒比在线视频 | 国产tv在线观看 | 91精品国产美女福到在线不卡 | 特黄a大片免费视频 | 免费一区二区三区视频狠狠 | 欧美日韩在线永久免费播放 | 日韩欧美不卡一区二区三区 | 亚洲三级a | 成人永久免费视频网站在线观看 | www中文字幕 | 色片在线播放 | 国产aⅴ精品一区二区三区久久 | 欧美视频在线一区 | 国产成人精品综合久久久软件 |