国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Manufacturing produces small increase in April

By Gao Yuan (China Daily) Updated: 2014-05-02 08:35

Manufacturing growth experienced a small increase in April while new export orders fell sharply, official data showed on Thursday.

The world's second-largest economy still faces heavy downward pressure, although second-quarter growth is showing signs of recovery, analysts warned.

The purchasing managers index for the manufacturing sector rose to 50.4 in April, indicating a slight expansion, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing.

Manufacturing produces small increase in April

Manufacturing produces small increase in April

The reading was 50.3 a month ago. The index began to climb in March after a three-month decline.

"Slowly expanding domestic demand is fueling the increase of the PMI," said Zhao Qinghe, an analyst at the NBS. The raw material procurement index also hit a three-month high.

But the contracting new export orders sub-index in the PMI is signaling that Chinese factories face sluggish exports ahead. Its April reading slumped one point to 49.1. Exports from China shrank 3.4 percent year-on-year in the first quarter, data from the General Administration of Customs show.

"China's economic growth remains weak because of slowdowns in the export, property and employment sectors. The country is hungry for fresh government policies to regain the upswing momentum," said a Bank of China report released on Monday.

On Wednesday, Premier Li Keqiang pledged to support the trade sector in a bid to stimulate the cooling economy.

Li stressed "arduous efforts" will be needed to meet the annual growth target of 7.5 percent for 2014.

Previous growth-spurring measures are showing positive effects in April and if the weakening in the property sector does not worsen, economic growth is on track to speed up, said the Bank of China.

Steady growth of PMI in the following months is very likely because of favorable policies, according to Zhang Jing, an analyst with Nanjing-based broker Huatai Securities.

Manufacturing produces small increase in April"The so-so economic performance was just an acceptable start for the second quarter. The economy is set to face strong challenges in the second half of this year," Zhang warned.

The April PMI released by HSBC Holdings less than a week ago was posing an even more pessimistic economic outlook, reporting a fourth straight monthly decline.

The Ministry of Industry and Information Technology said the profitability of local factories increased during the first three months of this year.

"The government has been trying to optimize the nation's industrial structure while keeping a steady overall production growth," said the ministry.

But the remarks could not deliver enough evidence of recovery to the market. Mounting finished goods inventories still bother manufacturers, said a Huatai Securities report.

Hot Topics

Editor's Picks
...
...
高陵县| 叶城县| 广水市| 沁源县| 南漳县| 都匀市| 丁青县| 成都市| 六枝特区| 石屏县| 黔西县| 汶川县| 东方市| 永兴县| 泉州市| 阿城市| 锦州市| 交城县| 禄劝| 申扎县| 禹州市| 呼和浩特市| 紫金县| 五大连池市| 隆尧县| 青川县| 苍南县| 庆城县| 鹰潭市| 区。| 庆云县| 承德县| 孝昌县| 汽车| 偃师市| 墨竹工卡县| 东兴市| 博客| 平邑县| 陕西省| 兴国县|