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

PMI heads for 7-month high

By Chen Jia | China Daily | Updated: 2013-10-25 07:26

Rising domestic demand provides firm basis for expansion in the industrial sector

British bank HSBC Holdings Plc said that China's manufacturing Purchasing Managers' Index will rise to a seven-month high of 50.9 in October, up from 50.2 in September, suggesting the overall economic growth momentum is likely to be extended after the recovery seen in the third quarter.

Stronger domestic demand supported a rise in the output sub-index to 51 - a six-month high - compared with a reading of 50.2 for the sub-index in September, HSBC's flash PMI data showed.

New orders and export orders also are stronger.

PMI heads for 7-month high

Stainless wires are moved into the warehouse at a specialty steel plant in Dalian, Liaoning province. China is moving to cut excess industrial capacity, especially in the iron and steel, electrolytic aluminum, cement and shipbuilding sectors. Liu Debin / For China Daily

A reading above 50 means expansion in the manufacturing sector.

Based on the strong recovery in the third quarter, when the GDP growth rate rebounded to 7.8 percent from 7.5 percent in the second quarter, business confidence has been boosted, and that can lead to an increase of inventories in factories, economists said.

Qu Hongbin, chief China economist at HSBC, said the better-than-expected PMI preliminary reading indicates that China's growth recovery is consolidating in the fourth quarter.

"This momentum is likely to continue in the coming months, creating favorable conditions for speeding up structural reforms," Qu said.

Analysts anticipate that the Third Plenary Session of the Central Committee of the Communist Party of China, which will be held in November, will focus on more comprehensive reforms within the current favorable economic conditions.

The upcoming meeting will be a milestone for the country's development, as economic policies for the next decade are expected to lay out a more open and dynamic system, analysts said.

"In the next three to six months, financial reform may make further progress to illustrate the determination for structural reform by the new leaders, and likely policy actions include approval of privately owned banks and the introduction of a deposit insurance system," said Zhu Haibin, chief China economist at JPMorgan Chase & Co.

Zhu also said that measures to address major structural problems, such as overcapacity, investment inefficiency and financial imbalances, need to be strengthened and implemented after the meeting.

Meanwhile, Standard Chartered Plc raised its forecast for China's 2013 GDP growth to 7.6 percent on Wednesday, up from the previous 7.5 percent forecast.

The bank also revised its consumer inflation forecast to a 2.7 percent year-on-year rise for 2013 from 2.5 percent previously.

A report from Standard Chartered called the economic rebound that has taken hold since the third quarter "a broad-based recovery".

"In 2014, improvements in the global industrial cycle should to some extent offset the current structural slowdown in China," the report said.

The report also said it expects policymakers to keep benchmark interest rates unchanged this year and in 2014.

"We think the People's Bank of China will likely use the opportunity to push interest rate reform. The central bank is likely to lift the ceiling on the term-deposit savings rate from 10 percent to 20 percent or 30 percent above the benchmark rate in the first half next year. Given the strong competition for deposits, this would lead to many banks, particularly smaller institutions, raising deposit rates to the new level," the report added.

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: 国产一区二区亚洲精品 | 国产亚洲一区呦系列 | 欧美日本高清视频在线观看 | 美国一级毛片片aa成人 | 天天澡夜夜澡狠狠澡 | 日韩精品视频美在线精品视频 | 久久亚洲国产成人亚 | 欧美日韩中文国产一区二区三区 | 特级毛片| 亚洲资源在线观看 | 二级毛片在线播放 | 99久久免费国产精精品 | 大片国产片日本观看免费视频 | 国产亚洲精品久久久久91网站 | 男人干女人逼 | 黄色网址国产 | 亚洲免费国产 | 中文字幕亚洲欧美日韩不卡 | 亚洲国产欧美日韩第一香蕉 | 亚洲专区欧美专区 | 国产区香蕉精品系列在线观看不卡 | 毛片免费在线视频 | 国产在线观看免费一级 | 国产欧美一区二区另类精品 | 成人女人a毛片在线看 | 欧美成年黄网站色视频 | 国产精品专区第二 | 5x社区直接进入一区二区三区 | 国产成人高清精品免费软件 | 在线观看亚洲人成网站 | 玖玖在线免费视频 | 亚洲最大成人 | 亚洲怡红院在线 | 一级aaaaaa毛片免费同男同女 | 成人国产精品高清在线观看 | 2022国产精品手机在线观看 | 亚洲另类视频 | 国产精品亚洲高清一区二区 | 一级毛片真人不卡免费播 | 美国一级毛片免费看成人 | 亚洲夜夜爽 |