男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Top Biz News

China's service industry solid despite fall in PMI index

By Wang Yanfei (chinadaily.com.cn) Updated: 2016-05-05 18:32

A key private gauge of services activity indicates the industry has continued to expand in April.

According to economists, this is good news for policymakers who are trying to bolster the world's second-largest economy.

The China Caixin services purchasing managers' index (PMI) released on Thursday stood at 51.8 for April, down from 52.2 in March. It remains above the expansion-contraction demarcation line of 50.

A reading above 50 indicates the sector's activity is growing, while one below that level suggests a contraction.

The index, compiled mainly based on survey of small and medium-sized enterprises, is roughly in line with Sunday's official services PMI, which came in at 53.5 for April, down from 53.8 in March.

He Fan, chief economist at Caixin Insight Group, sent a note on Thursday saying, "The overall performance of the sector, though falling by 0.4, remains in expansionary territory. That helped offset some of the negative impact caused by the sluggish manufacturing sector."

The Caixin manufacturing PMI released earlier on May 3 fell from 49.7 in March to 49.4 in April.

According to a news release by Markitt, a research firm that released the monthly index with Caixin, the sub-index of employment of the services sector witnessed a major uptick above the neutral 50-point level, which is mainly driven by quickening pace of new order growth — 12 percent of respondents recording higher new business compared with less than 3 percent claiming a decline.

Gao Huiqing, an expert with the economic forecasting department at the State Information Center, said that the service sector, which since last year has become the new driving force of the economy, is expected to see growth in the second and third quarters.

"The sector wouldn't be affected by the downward pressure that much compared to the flagging manufacturing," said Gao.

"Growth of employment, especially in high-tech and tourism industries, will continue to increase in the long-term."

However, Gao pointed out that a good start in the first quarter has a lot to do with the government's stimulus efforts, which he thought may still lack a solid foundation for a sustained recovery.

"What is worrying is that structural problems and supply-side reform need to be further implemented," said Gao.

"The government needs to keep implementing moderate stimulus policies to prevent any hard landing as the downward pressure still poses risks."

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 肇源县| 安吉县| 莎车县| 昌宁县| 垫江县| 丰台区| 梁山县| 东乡族自治县| 临海市| 鹿邑县| 晋宁县| 新蔡县| 新余市| 泰和县| 文成县| 宜春市| 贵溪市| 伊金霍洛旗| 邢台市| 通道| 九龙县| 巴中市| 崇阳县| 汨罗市| 红安县| 文登市| 张家川| 汉阴县| 锦屏县| 登封市| 阜新市| 博乐市| 桑植县| 五原县| 木里| 泸水县| 清丰县| 连云港市| 张家口市| 广平县| 顺平县|