Arab Today, arab today chinese manufacturing in decline in february
Last Updated : GMT 13:50:10
Arab Today, arab today
Arab Today, arab today

Government promises purchasing ‘rebound’

Chinese manufacturing in decline in February

Arab Today, arab today

Arab Today, arab today Chinese manufacturing in decline in February

Chinese banks doubled lending by $170bn late last year
Beijing – Arabstoday

Chinese banks doubled lending by $170bn late last year Beijing – Arabstoday Manufacturing activity in China expanded at its slowest rate in five months in February, according to official data, but maintained the economic recovery despite the Chinese New Year holiday, AFP has reported. The official purchasing managers\' index (PMI) was 50.1 in February, the lowest since September when it stood at 49.8, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP).
The figure was seasonally adjusted, they said, to mitigate volatility led by the week-long Lunar New Year holiday that fell in the middle of the month.
PMI is a widely watched barometer of the health of China\'s economy, with a reading above 50 indicating expansion while anything below points to contraction.
Zhang Liqun, a government analyst, said that the February PMI figures showed a rebound in the world\'s second-largest economy was likely to lose steam and stabilise in the coming months.
\"The February PMI extended a trend seen in January to decline modestly, indicating a rebound in economic growth will come to a stabilising point,\" Zhang said in a separate statement released by the CFLP.
British bank HSBC said on Friday that its final PMI for February was 50.4, unchanged from its preliminary reading and a four-month low.
But it was also the fourth consecutive month of expansion after 12 months of contraction, according to the bank\'s figures.
\"China\'s recovery continues on improving domestic demand conditions and the labour market,\" said Qu Hongbin, a Hong Kong-based economist with HSBC, in a statement.
\"The pace of ongoing recovery is mild, implying no need for the People\'s Bank of China to tighten policy any time soon.\"
Compared with the official report, the bank\'s survey, compiled by information services provider Markit and released by HSBC, focuses more on smaller enterprises.
China\'s economy expanded 7.8 percent last year, its slowest pace in 13 years, in the face of weakness at home and in key overseas markets.
The latest official figures show Chinese banks more than doubled their lending in January from December, granting 1.07tn yuan ($171.7bn) worth of new loans, as Beijing seeks to boost growth.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese manufacturing in decline in february Arab Today, arab today chinese manufacturing in decline in february

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:26 2017 Wednesday ,22 February

Dutch corporate takeover defences tough to breach

GMT 11:14 2017 Wednesday ,22 February

Lloyds Banking Group posts surging profits

GMT 10:01 2017 Tuesday ,21 February

Egypt pound rebounds from flotation slide

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday