Arab Today, arab today hsbc china manufacturing grows for first time in 6 months
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

HSBC: China manufacturing grows for first time in 6 months

Arab Today, arab today

Arab Today, arab today HSBC: China manufacturing grows for first time in 6 months

A worker walks past a machine at a clothing factory in Bozhou
Beijing - AFP

China's manufacturing activity expanded in June for the first time this year as the effects of Beijing's mini-stimulus on the world's second-largest economy gradually kick in, HSBC said on Monday.
The bank said in a statement that its preliminary purchasing managers index (PMI), which tracks activity in China's factories and workshops, came in at 50.8 this month, this highest since November's identical figure.
It was also the first time since December that the index has been above the 50-point break-even level, suggesting the sector is expanding, according to data compiled by financial information services provider Markit and released by HSBC.
The indicator is a closely watched gauge of the health of the Asian economic powerhouse and key driver of global growth. 
"The improvement was broad-based with both domestic orders and external demand sub-indices in expansionary territory," HSBC economist Qu Hongbin said in the statement.
"This month's improvement is consistent with data suggesting that the authorities' mini-stimulus are filtering through to the real economy."
 With growth slowing this year, Beijing has since April announced a series of measures to bolster growth, including tax breaks for small enterprises, targeted infrastructure outlays and incentives to encourage lending in rural areas. 
In the first three months of 2014 China's economy grew 7.4 percent, weaker than the 7.7 percent in October-December and the worst since a similar 7.4 percent expansion in the third quarter of 2012.
Premier Li Keqiang in March announced a growth target of "around 7.5 percent" for this year.
But the government indicated the target was flexible to a certain extent as long as the job market was stable, and it has publicly ruled out a massive stimulus similar to what was seen during the global financial crisis.
Qu said in the HSBC statement that the employment sub-index, which has been indicating decreases, showed "signs of stabilisation", adding the bank expected the government to maintain its "accommodative policy stance" until the recovery is sustained.

 

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 hsbc china manufacturing grows for first time in 6 months Arab Today, arab today hsbc china manufacturing grows for first time in 6 months

 



Arab Today, arab today

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 hsbc china manufacturing grows for first time in 6 months Arab Today, arab today hsbc china manufacturing grows for first time in 6 months

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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