Arab Today, arab today china manufacturing improves slightly in april
Last Updated : GMT 02:16:14
Arab Today, arab today
Arab Today, arab today

China manufacturing improves slightly in April

Arab Today, arab today

Arab Today, arab today China manufacturing improves slightly in April

Beijing - SPA

Chinese manufacturing activity improved slightly in April as domestic demand showed "mild improvement", HSBC said on Wednesday, but it warned the world's second-largest economy was still showing signs of weakness. The banking giant's preliminary purchasing managers' index (PMI), which tracks manufacturing activity in China's factories and workshops, rose to 48.3 in April from a final reading of 48.0 in March, the British banking giant said in a statement. The index is a closely watched gauge of the health of the Asian economic powerhouse, a key driver of global growth. A reading below 50 signals contraction while anything above points to growth. While the figure shows the country's crucial manufacturing sector is still shrinking it is doing so at a slower rate. "Domestic demand showed mild improvement and deflationary pressures eased," HSBC economist Qu Hongbin said in a statement. "But downside risks to growth are still evident as both new export orders and employment contracted." However, shares on the benchmark Shanghai Composite Index were 0.49 percent lower in late morning trade Last week Beijing said the economy weakened for the second quarter in a row in January-March, growing 7.4 percent year-on-year, with leaders blaming slow global recovery and domestic structural reforms. That marked a sharp drop from 7.7 percent growth in October-December and 7.8 percent in the three months before that. Beijing has announced a series of measures aimed at boosting growth, including tax breaks for small enterprises and targeted infrastructure outlays. The central bank has also said it will cut by up to two percentage points the amount of funds that rural banks must keep in reserve starting Friday. That move marks the first time Chinese leaders have eased monetary policy for almost two years. Chinese leaders have publicly ruled out a massive stimulus package to kick-start growth as they try to pivot the economy away from decades of double-digit expansion fuelled by big-ticket investment projects. But Qu said more measures may be unveiled if needed. "Whilst initial impact will likely be limited, they signalled readiness to do more if necessary," he said. HBSC's final PMI reading for April is due out on May 5.

arabstoday
arabstoday

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 improves slightly in april Arab Today, arab today china manufacturing improves slightly in april

 



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 improves slightly in april Arab Today, arab today china manufacturing improves slightly in april

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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