综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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

China Aug flash HSBC PMI hits four-month high

Agencies | Updated: 2013-08-22 10:50

Activity in China's vast manufacturing sector hit a four-month high in August as new orders rebounded, a preliminary private survey showed on Thursday, reinforcing signs of stabilisation in the world's second-largest economy.

The Flash HSBC Purchasing Managers' Index rose to 50.1 from July's final reading of 47.7, which was the weakest in 11 months, though it barely passed the watershed 50 line which demarcates expansion of activities from contraction.

"This is mainly driven by the initial filtering-through of recent fine-tuning measures and companies' restocking activities, despite the continuous external weakness," said Qu Hongbin, chief China economist at HSBC.

"We expect further filtering-through, which is likely to deliver some upside surprises to China's growth in the coming months."

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

A sub-index measuring new orders rose to a four-month high of 50.5 in August from 46.6 in July. But the sub-index on new export orders edged lower in a reminder of lingering global uncertainty.

The employment sub-index of the flash PM also picked up in August, but still hovered below the 50 watershed line.

The flash HSBC PMI, compiled by Markit Economics Research, is the earliest available indicator of monthly activity in the Chinese economy, and tends to focus more on small to mid-sized firms in the private sector.

The final HSBC PMI for August is due to be published on Sept 2, a day after the release of an official government survey.

Upbeat data for July ranging from factory output and exports to retail sales has raised hopes that China's economy may be stabilizing after slumping for more than two years, although few analysts see a quick turn-around.

Chinese leaders, while making clear they will accept some economic slowdown as they push through reforms, have expressed confidence of meeting their 7.5 percent growth target this year - which would be China's slowest growth in 23 years.

China's annual economic growth slowed to 7.5 percent in the April-June period from the 7.7 percent in the previous three months - the ninth quarter of slowdown in the past 10 quarters.

Most Viewed in 24 Hours
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
 
合江县| 社旗县| 遵化市| 潢川县| 延川县| 枣庄市| 商城县| 洪江市| 云阳县| 剑河县| 犍为县| 邯郸市| 西充县| 博爱县| 虎林市| 襄城县| 古丈县| 错那县| 海门市| 象山县| 永川市| 马尔康县| 大厂| 宁海县| 乌海市| 甘谷县| 武清区| 莆田市| 揭阳市| 于都县| 喀什市| 乌鲁木齐县| 兖州市| 古浪县| 通城县| 新建县| 延庆县| 呼和浩特市| 望江县| 浪卡子县| 南召县|