Arab Today, arab today hsbcchina manufacturing data picks up in july
Last Updated : GMT 13:41:30
Arab Today, arab today
Arab Today, arab today

HSBC : China manufacturing data picks up in July

Arab Today, arab today

Arab Today, arab today HSBC : China manufacturing data picks up in July

Beijing- AFP

China\'s manufacturing activity contracted at its slowest pace in five months in July, indicating that Beijing\'s easing measures were beginning to take effect, an independent survey showed Tuesday. Preliminary figures from HSBC\'s closely watched purchasing managers\' index (PMI), which gauges nationwide manufacturing activity, hit a five-month high of 49.5 in July, the British banking giant said in a statement. A PMI reading above 50 indicates expansion, while a reading below 50 points to contraction. HSBC said the reading, which was higher than the 48.2 that HSBC recorded in June, indicated that government measures to boost economic growth were working.\"That said, the below-50 July reading implied demand still remaining weak and employment under increasing pressure,\" Qu Hongbin, a Hong Kong-based economist with HSBC, said in the statement. \"This calls for more easing efforts to support growth and jobs.\" China\'s gross domestic product fell to a more than three year low of 7.6 percent in the second quarter, prompting the central bank to take the rare step of slashing interest rates for the second time since early June. It has also cut the amount of money banks must keep in reserve, aimed at stimulating lending, three times since December. Chinese leaders have vowed to take further measures, and Premier Wen Jiabao has called stabilising economic growth the government\'s top priority. Qu said falling inflation gave Beijing leeway to introduce more policies to bolster growth, with \"meaningful improvement\" of the world\'s second-largest economy expected in the coming months. China\'s consumer price index, the main measure of inflation, slowed to 2.2 percent in June, its lowest level in 29 months, according to official data. HSBC will issue the final reading of July PMI on August 1.

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 hsbcchina manufacturing data picks up in july Arab Today, arab today hsbcchina manufacturing data picks up in july

 



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 hsbcchina manufacturing data picks up in july Arab Today, arab today hsbcchina manufacturing data picks up in july

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
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 Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
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 Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals 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