1. Text: | Print|

      Survey sees jump in Sep manufacturing

      2013-09-24 10:40 Global Times Web Editor: qindexing
      1

      China's manufacturing activity expanded at the fastest pace in six months in September, according to a preliminary survey released Monday, offering fresh signs of an ongoing recovery in the economy.

      The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) rose to 51.2 in September from 50.1 in August, the highest level since April, data released by HSBC on Monday showed.

      A PMI reading above 50 signals growth, while a reading below 50 indicates contraction.

      "The firmer footing was supported by simultaneous improvements in external and domestic demand conditions. We expect a more sustained recovery as the further filtering-through of fine-tuning measures should lift domestic demand," Qu Hongbin, chief China economist at HSBC, said in a statement Monday.

      "This will create more favorable conditions to push forward with reforms, which should in turn boost the mid- and long-term growth outlook," Qu said.

      Among the survey's 11 sub-indexes, 10 rose at a faster pace in September, including the sub-indexes for new orders and new export orders. The flash output index also rose to a five-month high of 51.1 in September, up from 50.9 in August.

      The HSBC PMI is weighted more toward smaller private companies compared with the official PMI, which surveys larger State-owned firms. The official PMI for August rose to a 16-month high of 51, up from 50.3 in July. The official reading for September is due to be released on October 1.

      "There is no doubt the economy is recovering but the current recovery is different from what has been seen before," Li Huiyong, chief economist at Shenyin & Wanguo Securities in Shanghai, told the Global Times Monday.

      "The current PMI improvement has been driven by a recovery of exports and the increasing impact of the government's fine-tuning policies, which help to boost business confidence," Li said.

      Positive signs for China's economy have emerged since August amid a raft of improved economic data for industrial output, retail and exports, indicating that the economy is stabilizing following a slowdown in the first half.

      Premier Li Keqiang said at the opening ceremony of the Summer Davos Forum early this month that the recent steady progress in economic growth instills confidence that the country will "meet the economic and social development goals set for the whole year."

      But Li also acknowledged the foundations for the economic recovery are still fragile, noting that reforms are needed to sustain healthy economic growth in the long run.

      The economic recovery may continue until November, but we do not expect it to be sustainable beyond then as monetary policy may tighten after a key Party conference (in November). said Zhang Zhiwei, chief China economist at Nomura Securities.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      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: 四虎影视久久久免费观看| 色天使亚洲综合一区二区| 亚洲三级电影网址| 亚洲综合av一区二区三区| 中文字幕乱理片免费完整的| 国产h视频在线观看免费| 丝袜熟女国偷自产中文字幕亚洲| 亚洲人成在线免费观看| 中文在线日本免费永久18近| 国产亚洲精品精品国产亚洲综合| 亚洲乱码国产乱码精华| 亚洲一区二区在线免费观看| 91热久久免费精品99| 在线观看免费中文视频| 亚洲免费福利在线视频| 亚洲永久精品ww47| 看亚洲a级一级毛片| 亚洲国产综合人成综合网站| 亚洲最大的成人网| 日韩精品视频免费观看| 亚洲福利电影在线观看| 最近免费mv在线观看动漫| 亚洲不卡AV影片在线播放| 亚洲AV无码一区二区三区牲色| 美女视频黄免费亚洲| 亚洲AV性色在线观看| 亚洲成?Ⅴ人在线观看无码| 爱丫爱丫影院在线观看免费 | 日韩免费观看的一级毛片| 在线精品自拍亚洲第一区| 好吊妞998视频免费观看在线| 久久亚洲AV成人无码国产| 国产午夜精品免费一区二区三区| 亚洲欧洲日产国码一级毛片| 久久精品免费观看国产| 亚洲人成网www| 最近中文字幕无免费视频| 色偷偷女男人的天堂亚洲网| 免费精品人在线二线三线区别| 亚洲第一区二区快射影院| 色妞WWW精品免费视频|