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

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

China's service sector index expands to 16-month high: survey

Xinhua | Updated: 2016-12-05 10:17

BEIJING - China's services sector expanded at its quickest rate in 16 months in November, a private survey showed Monday.

The Caixin China General Services PMI (Purchasing Managers' Index) hit 53.1 in November, up from 52.4 in October, according to a survey conducted by financial information service provider Markit sponsored by Caixin Media Co Ltd.

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

The surveyed companies said the expansion was due to increased new projects and orders, with job creation posting the fastest rate in one-and a-half years, the survey showed.

The trend corresponds with official indicators released by the National Bureau of Statistics, which showed China's non-manufacturing activity expanded to 54.7 in November from 54 in October.

Confronted with a prolonged slowdown, China has channeled energy into the services sector to offset flagging manufacturing and lackluster exports. In the first three quarters, services made up 58.5 percent of GDP growth, up 3.4 percentage points from a year ago.

The survey also saw a further marginal increase in prices charged for Chinese services in November.

Meanwhile, optimism over future growth prospects moderated to a 13-month low at service companies largely due to relatively subdued market conditions.

The Caixin China General Services PMI is based on data compiled from monthly replies to questionnaires sent to purchasing executives at more than 400 service companies.

The Caixin China Composite Output Index, which measures both service and manufacturing activity, was unchanged from October's 43-month record high of 52.9 in November, according to the survey.

A solid increase in the business activity of service companies in November offset a slight slowdown in the rate of output expansion across the manufacturing sector, it said.

"The economy may remain stable in the fourth quarter, but it will still face significant downward pressure next year," said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group.

Zhang Liqun, a researcher with the Development Research Center under the State Council, was upbeat about the overall economic stability.

The continued expansion of manufacturing shows that the economy has stabilized after a protracted slowdown, Zhang said.

China's manufacturing PMI came in at 51.7 in November, up from 51.2 in October and remaining above the 50-point boom-bust line for the fourth straight month, official data showed Thursday.

"It is highly probable that the economy will continue steady growth in the future," Zhang said.

The country's GDP grew 6.7 percent in the first three quarters of 2016, steady with the first half and within the government's target range of between 6.5 and 7 percent for 2016.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
汉沽区| 南江县| 久治县| 温泉县| 大厂| 西畴县| 山东| 库车县| 蓬溪县| 浠水县| 宜黄县| 阿巴嘎旗| 松溪县| 大余县| 阿尔山市| 安多县| 沂水县| 阜南县| 娄烦县| 翁源县| 塔河县| 南开区| 夏河县| 福鼎市| 靖州| 香格里拉县| 萨迦县| 泉州市| 乌鲁木齐市| 剑河县| 虹口区| 高州市| 三都| 祁东县| 民和| 常州市| 大竹县| 临城县| 蓝山县| 阿勒泰市| 怀化市|