Arab Today, arab today china manufacturing grows modestly in april
Last Updated : GMT 17:58:30
Arab Today, arab today
Arab Today, arab today

China manufacturing grows modestly in April

Arab Today, arab today

Arab Today, arab today China manufacturing grows modestly in April

Workers produce toys in a factory in Lianyungang
Beijing - AFP

China's manufacturing activity expanded modestly in April for the second straight month but the rate of growth failed to accelerate, the government said Friday, as the world's second-largest economy struggles to pick up steam.

The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics came in at 50.1 last month, the same result as March when the gauge showed growth for the first time this year.

The index, which tracks activity in factories and workshops, is seen as a key barometer of the country's economic health. A figure above 50 signals growth, while anything below indicates contraction.

January's reading of 49.8 was the first shrinkage in more than two years and added to worries about China's economic outlook.

Some analysts, however, were cautiously optimistic.

"The continued expansion of the official PMI suggests that the growth momentum is picking up, though modestly, thanks to the rise of newly started projects and monetary policy easing," ANZ economists Liu Li-Gang and Zhou Hao wrote.

China's economy, a key driver of global growth, expanded 7.0 percent in the first quarter of 2015, against 7.3 percent in the final three months of last year, in the worst result since 2009 at the height of the global financial crisis.

The economy is also slowing on a longer-term basis. Gross domestic product (GDP) expanded 7.4 percent in 2014, the worst full-year result since 1990, when China was hit by international sanctions after the Tiananmen Square crackdown.

Chinese authorities are happy to accept a slowdown however, as they seek to rejig the country's economic model away from reliance on heavy investment and make consumer spending the main growth engine.

But they are sensitive to it getting out of hand and have unveiled several stimulus measures to support the economy, including two interest rate cuts since November and twice this year reducing the amount of cash banks must keep in reserve.

Economists broadly expect more such measures this year.

"As the economy still faces strong headwinds and the risk of deflation has not diminished, the authorities will need to continue to roll out easing measures in the coming months," the ANZ economists added.

There are concerns about weak inflation in China, though the consumer price index (CPI) held steady in March at 1.4 percent, the same as February.

The CPI had slumped to 0.8 percent in January, the lowest since November 2009.

But the producer price index -- a measure of costs for goods at the factory gate and a leading indicator of the trend for CPI -- declined for the 37th straight month in March, falling 4.6 percent year-on-year.

Nomura economists also said that official measures appear to be having some positive effect, though the overall outlook remains shaky.

"It seems policy easing may have kicked in and firms may have begun to increase investment expenditures," Zhao Yang, Nomura's chief China economist, and colleagues said in a note.

"However, in our view, this sequential improvement is still quite fragile and still needs more support from further policy easing."

Friday's official PMI announcement comes after banking giant HSBC's own survey of manufacturing activity showed a decline to a 12-month low in April, to 49.2.

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 china manufacturing grows modestly in april Arab Today, arab today china manufacturing grows modestly in april

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
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 Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada

GMT 06:15 2017 Sunday ,26 February

Tsipras: Era of austerity is over

GMT 00:18 2017 Sunday ,26 February

How to make your money last as long as you do
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
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 Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
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 Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
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