Arab Today, arab today chinas manufacturing activity expands at slower pace
Last Updated : GMT 06:44:27
Arab Today, arab today
Arab Today, arab today

China's manufacturing activity expands at slower pace

Arab Today, arab today

Arab Today, arab today China's manufacturing activity expands at slower pace

manufacturing activity
Beijing - XINHUA

China's manufacturing activity expanded for the second month in a row in April but at a slower pace, official data showed on Sunday.

The purchasing managers' index (PMI) came in at 50.1 in April, slightly down from March's 50.2 and below market expectations of 50.3, according to a report jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

"The Chinese economy is stabilizing since the reading still remains in positive territory, albeit falling slightly in April," said Zhang Liqun, a researcher with the State Council's Development Research Center.

NBS statistician Zhao Qinghe said the country's manufacturing activity kept steady growth last month, partly due to a recovering housing market and accelerated infrastructure construction.

Fixed-asset investment surged 10.7 percent year on year during the first quarter of 2016, and real estate investment jumped 6.2 percent from one year earlier, official data showed.

The sub-index measuring production stood at 52.2, slightly down from 52.3 a month earlier but higher than the first quarter's average of 51.3, according to the report.

Thanks to the government's pro-growth measures and supply-side structural reforms, market demand continued to rebound in April, Zhao said.

To help the country's manufacturing sector weather the downturn, the Chinese government has cut interest rates, reduced taxes, slashed overcapacity and initiated reforms to improve efficiency.

The sub-index for new orders settled at 51 percent, down 0.4 points from March but still the second-highest reading since last year.

Prices of raw materials continued an upward trend last month, with the sub-index for purchasing price standing at 57.6, the highest reading in almost two years.

Zhao warned that China's economy still faces downward pressures. Though remaining in positive territory, the growth in domestic and export orders faded slightly, which showed global headwinds may block further improvement in China's exports.

Factories made workers redundant at a slightly more rapid pace, with the employment sub-index down 0.3 point to 47.8.

This showed that the pressure on employment is mounting, Zhao said.

Activity in China's non-manufacturing sector, meanwhile, remained strong but grew at a slightly slower pace, with the official reading at 53.5 in April, compared with the previous month's 53.8.

Behind the headline data, it was the construction component of the index that drove continued resilience with a reading of 59.4, while the services component was weaker at 52.5.

Early signs for April were positive in that they showed a continued improvement in conditions, but uninspiring because the pace of improvement remains moderate, according to a Bloomberg research note.

With new lending booming in the first quarter, fiscal policy more expansionary and the yuan more supportive, tailwinds for resilient growth will continue to blow in the months ahead, it said.

Source: XINHUA

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 chinas manufacturing activity expands at slower pace Arab Today, arab today chinas manufacturing activity expands at slower pace

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
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 Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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