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

China's manufacturing activity at three-month low: HSBC

(Xinhua) Updated: 2014-08-21 11:26

China's manufacturing activity at three-month low: HSBC

An employee works at a production line inside a Geely factory in Ningbo, Zhejiang province May 15, 2014. [Photo/Agencies]

BEIJING - China's manufacturing expanded at a slower pace in August, a sign of weak momentum in its ongoing economic recovery.

The HSBC/Markit China flash manufacturing PMI for August dipped to 50.3 from a final reading of 51.7 in July, making the lowest rate in three months as both output and new orders slowed, according to HSBC's preliminary purchasing manager's index (PMI), released on Thursday.

PMI above 50 percent indicates expansion and below 50 percent suggests contraction.

"The data suggests that the economic recovery is still continuing but its momentum has slowed again," noted HSBC chief China economist Qu Hongbin.

After a shaky start this year, Chinese policymakers have pinned hopes on accelerating investment on railways and infrastructure, quickening fiscal spending, and selectively easing monetary policies to support faltering growth.

Helped by these efforts, China's economic growth showed more recovery signs in the second quarter, with growth accelerating to 7.5 percent from the 7.4-percent expansion in the first.

But as the latest data pointed to still weaker recovery rates, Qu said more policy support is needed to help consolidate the trend.

"Both monetary and fiscal policy should remain accommodative until there is a more sustained rebound in economic activity," he said in a research note.

Reacting to the news, Chinese stocks headed downward in the morning session, with both the Shanghai and Shenzhen Component Index experiencing loss.

China's manufacturing activity at three-month low: HSBC China's manufacturing activity at three-month low: HSBC
PMI rise signals success of govt support policies
China's non-manufacturing PMI retreats in July 

 
Hot Topics

Editor's Picks
...
...
益阳市| 修文县| 独山县| 泸西县| 九龙坡区| 牟定县| 北碚区| 福安市| 双城市| 香港 | 和政县| 新乐市| 沙田区| 桂东县| 泰州市| 吴堡县| 泰安市| 香港| 南开区| 姚安县| 东莞市| 巴林右旗| 察雅县| 新建县| 托克逊县| 海南省| 平泉县| 东兴市| 兴隆县| 翁源县| 金平| 商水县| 宜君县| 肇东市| 邵阳市| 民勤县| 方正县| 莱西市| 蒲江县| 紫阳县| 南投市|