日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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

Flash PMI data point to growth

By He Wei in Shanghai | China Daily | Updated: 2013-09-24 06:40

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.

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.

hewei@chinadaily.com.cn

 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

 

 

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: 蜜桃视频在线入口www | 欧美成人一二三区 | 自拍偷拍日韩 | 三级三级久久三级久久18 | 日本激情网站 | 日韩在线一 | 午夜激情在线视频 | 一区二区在线免费观看 | 三级av在线| 四虎影视最新网址 | 精品视频网站 | 精品一区二区国产 | 懂色av一区二区三区 | 久久中文在线 | 热久久伊人 | 亚洲成人黄色av | 国产精品12区 | 欧美成人高清 | 欧美视频免费 | 福利视频在线免费观看 | 69中文字幕 | 人人干超碰 | 国产日韩精品视频 | 中文不卡视频 | 这里只有精品在线观看 | 亚洲激情五月 | 成人在线免费看片 | 日本黄色高清 | 久久99日韩| 国产中文字幕一区二区三区 | 久久久久久久久久久影视 | 午夜免费小视频 | 黄色录像毛片 | 婷婷成人av | 四虎永久地址 | 成人在线欧美 | 激情五月婷婷网 | 亚洲一区二区在线播放 | 美日韩三级 | 欧美精品成人 | 国产成人精品免高潮在线观看 |