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

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

PMI growth slows; signs promising

By WANG YANFEI | China Daily | Updated: 2017-05-01 05:23

Data show manufacturing sector keeps momentum, sub indexes remain strong

China's manufacturing growth slowed in April as the government tightened supervision of financial risks, but still maintains momentum, according to analysts.

The Purchasing Managers' Index, which reflects the manufacturing sector's performance, registered 51.2 in April, slightly lower than 51.8 a month earlier, according to data from the National Bureau of Statistics released on Sunday. The figure remains above the year-ago index of 50.1.

A figure above 50 indicates growth in the sector, which is a key driver of the Chinese economy, while anything below points to contraction. The reading has kept above 50 for nine consecutive months.

Although the growth speed slowed down a little compared with the previous two months, remaining above the 50 boom-or-bust point means that the sector has not lost its growth momentum and the economic fundamentals remain sound, according to Zhao Qinghe, a senior NBS statistician.

"Slower growth of domestic demand and supply and contracting energy-intensive industries have dragged down the pace of expansion of the manufacturing sector," Zhao said.

The PMI of high energy consumption was 49.3 in April, which is 2.1 points lower compared with the previous month and 1.9 points lower than the manufacturing sector as a whole.

His comment is echoed by data from the NBS released on Thursday in which growth of profits made by major large-scale industries slowed by 3.2 points in March compared with the previous two months.

Sluggish earnings growth in traditional sectors such as coal and steel is one of the major driving forces of sluggish profit growth, according to He Ping, also a statistician with the NBS.

"As Beijing puts more emphasis on fending off financial risks, manufacturing enterprises might face a tighter financing environment in the short term, putting pressure on production and on sales," said Xie Yaxuan, chief economist with China Merchants Securities. "But the policy environment will not put the sector or the economy into recession because some major drivers retain their growth potentials."

Some promising signs can be found in sub indexes of the PMI, in the equipment sector, which registered 52.1 and the high-tech manufacturing sector, reporting 53.4, in April, both well above the overall manufacturing sector.

Xie said high demand for consumption will support continued recovery of the economy. He cited the continued expansion of consumption manufacturing PMI reading in April, when it stood at 52.2.

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: 清丰县| 广饶县| 琼海市| 正定县| 荥阳市| 大丰市| 清镇市| 成安县| 中牟县| 开平市| 洛隆县| 成安县| 河间市| 通州市| 方城县| 青神县| 蓝田县| 襄垣县| 土默特左旗| 金阳县| 西藏| 九寨沟县| 应城市| 甘洛县| 张家界市| 夏河县| 九寨沟县| 若尔盖县| 合江县| 阿瓦提县| 河北区| 正定县| 会东县| 光山县| 宣城市| 奉化市| 多伦县| 武清区| 云阳县| 罗山县| 博野县|