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 / Macro

June PMIs in positive territory

By Zheng Yangpeng (China Daily) Updated: 2014-07-02 07:11

June PMIs in positive territory

A worker cuts steel bars on the production line of a mill in Lianyungang, Jiangsu province. The official manufacturing Purchasing Managers Index for June stood at 51, the fourth consecutive month-on-month rise this year. Si Wei / For China Daily

Manufacturing numbers stand in sharp contrast with weakened property sector

Two gauges of China's manufacturing sector released on Tuesday point to sustained expansion in factory activity, with government stimulus efforts paying off, according to analysts.

The expansion contrasts with further weakness in the real estate sector. Experts said that what happens to the economy in the coming months depends on which proves stronger: the factory sector or property activity.

The official Purchasing Managers Index for June, jointly issued by the National Bureau of Statistics and the China Federation of Logistics and Purchasing, stood at 51, the fourth consecutive month the gauge has risen.

June PMIs in positive territory
China June HSBC PMI shows first expansion in six months

The final reading of the PMI jointly issued by HSBC Holdings Plc and Markit Ltd, also for June, rose to 50.7 from 49.4 in May, surging past the 50-point level that separates growth from contraction for the first time since December.

The HSBC/Markit index is weighed more toward smaller and private manufacturing companies.

"The rise of both figures suggests that the growth momentum has been picking up because of recent pro-growth policies", including infrastructure investment and more budget spending, Liu Ligang, greater China chief economist at Australia and New Zealand Banking Group Ltd, said in a note.

Premier Li Keqiang's recent pledge to safeguard the economic growth goal indicates that the "overall policy stance will become more supportive for growth in the second half", Liu wrote.

As part of the pro-growth policy, the way loan-to-deposit ratios are calculated also has been revised to give banks more capacity to lend.

The central bank also has lowered the reserve requirement ratio for banks that direct loans to rural borrowers and smaller companies.

A closer look at the PMI data has given the market greater confidence in the trajectory of the recovery. All but one of the major five sub-indexes of the official PMI improved month-on-month.

Most experts said the government's stimulus measures have reversed the nation's economic deceleration for the moment, but more must be done to solidify the trend.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
鞍山市| 宁国市| 文昌市| 汉源县| 剑河县| 梧州市| 天长市| 阿巴嘎旗| 临漳县| 中宁县| 清丰县| 乐清市| 盐池县| 尉氏县| 承德市| 桂东县| 广宗县| 夏津县| 海淀区| 石棉县| 赤城县| 株洲县| 克拉玛依市| 大化| 邛崃市| 盘锦市| 海口市| 宣化县| 封丘县| 镇康县| 新巴尔虎左旗| 柳林县| 株洲县| 江孜县| 方山县| 新蔡县| 尼玛县| 乐亭县| 黑河市| 汝阳县| 郴州市|