1. LINE

      Text:AAAPrint
      Economy

      Manufacturing activity hits three-month high

      1
      2015-06-24 09:12Global Times Editor: Li Yan

      Economy will continue to face downward pressure in second half: expert

      China's manufacturing sector showed signs of slight improvement as the latest HSBC survey of manufacturers issued Tuesday gave a preliminary reading of 49.6 for June, a three-month high. The HSBC flash manufacturing purchasing managers' index (PMI) rose from the final reading of 49.2 in May and exceeded the market expectation of 49.4. But it was still below the 50-point mark that separates expansion from contraction. HSBC is scheduled to release its final reading for June's PMI on July 1.

      "China's economy showed slight recovery following a series of government policies intended to stabilize growth," Ding Jianping, director of the Research Center for Modern Finance at the Shanghai University of Finance and Economics, told the Global Times on Tuesday.

      Other economic indicators also pointed to the slow recovery of the economy. The country's industrial production rose by 6.1 percent year-on-year in May, higher than 5.9 percent in April and 5.6 percent in March, statistics from the National Bureau of Statistics (NBS) showed.

      Profits of Chinese industrial businesses increased by 2.6 percent year-on-year in April, reversing the 0.4 percent dip in March, according to the NBS.

      Ding noted that China will still face great economic downward pressure in the second half of this year because the PMI was still below the 50-point level, indicating weak sentiment of entrepreneurs.

      A breakdown of HSBC's survey results showed that the sub-index of output climbed to 50.0 in June from May's 49.3, hitting a two-month high.

      The sub-index of new orders also increased to 50.3, the first expansion in the past four months.

      The sub-index of employment dropped down to the lowest point in six years, indicating continuing economic weakness and pessimistic outlook.

      However, the NBS data showed that unemployment rate stood at 5.1 percent in May, dropping slightly from April.

      "A possible rebound in the US and European markets in the second half can help boost China's economy, raising -business confidence and promoting employment growth," Ding said.

      The inventory sub-index saw the first expansion in the past four months, which means enterprises were supplementing inventories while the on-hand inventory dropped to one-year low.

      Ding believed that the government will further ease monetary policies in the second half to stimulate growth and promote employment.

      "How to deal with the repercussions of those policies, such as excess market liquidity, will be another problem for the -Chinese government," Ding said.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 91精品国产免费入口| 日本免费污片中国特一级| 色欲色香天天天综合网站免费 | 亚洲av成人片在线观看| 亚欧在线精品免费观看一区| 99久久亚洲综合精品成人网| 亚洲天堂中文字幕在线观看| 成人精品国产亚洲欧洲| 破了亲妺妺的处免费视频国产 | 特级做a爰片毛片免费看| 又粗又硬又黄又爽的免费视频| 色五月五月丁香亚洲综合网| yy6080久久亚洲精品| 亚洲国产综合91精品麻豆| 亚洲av成人中文无码专区| 麻豆成人精品国产免费| 美女视频黄频a免费大全视频| av无码东京热亚洲男人的天堂| 免费看又黄又爽又猛的视频软件| 亚洲性日韩精品一区二区三区| 中文在线观看永久免费| 亚洲av无码乱码国产精品fc2| 7m凹凸精品分类大全免费| 国产成人亚洲综合一区| 免费精品99久久国产综合精品| 色噜噜综合亚洲av中文无码| 无码精品A∨在线观看免费| 国产精品亚洲av色欲三区| 国产gv天堂亚洲国产gv刚刚碰 | 国产精品xxxx国产喷水亚洲国产精品无码久久一区| 国产精品亚洲一区二区无码| 在线A亚洲老鸭窝天堂| 久久久国产精品无码免费专区| 国产精品亚洲午夜一区二区三区 | 中文在线免费看视频| 亚洲国产精品线观看不卡| 免费人成在线观看网站视频| 两个人看的www免费视频| 国产亚洲精品资源在线26u| 国产又黄又爽又猛免费app| 免费无码专区毛片高潮喷水|