日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Indexes indicate business picking up

By Jiang Xueqing and Chen Jia | China Daily | Updated: 2020-04-01 07:53
Share
Share - WeChat
Workers produce mobile phone cameras in Xinpu Industrial Park, Haizhou Economic Development Zone, Jiangsu province, on Tuesday. Jiangsu has introduced a series of policies cutting taxes and fees to help the park's foreign companies cope with the impact of COVID-19. [Photo by Geng Yuhe/For China Daily]

China's manufacturing purchasing managers index stood at 52 in March, up from 35.7 in February, showing a significant, positive change in production and business operations from the previous month.

The nonmanufacturing business activities index was 52.3, compared with 29.6 last month. The comprehensive PMI output index rose to 53 from 28.9, the National Bureau of Statistics said on Tuesday.

"The month-over-month PMI rebound in March reflected the improvement in production and business operations from the previous month, as the majority of enterprises are steadily pushing ahead with the resumption of work and production. But it does not mean that the actual status of production has returned to the level before the novel coronavirus outbreak," said the head of the service survey center at the NBS.

Observation needed

"We cannot draw a conclusion that China's economy has completely returned to normal simply because PMI rose above the neutral 50 mark dividing expansion from contraction for a single month. We still need to continuously observe changes in the economy to see whether there is a trend of getting better," the official said in the transcript of an interview with China Information News posted on the NBS website on Tuesday.

As of March 25, 96.6 percent of the large and medium-sized enterprises surveyed by purchasing managers in China had resumed work, 17.7 percentage points higher than on Feb 25.

The production index, one of the five subindexes comprising the manufacturing PMI, rose to 54.1 from 27.8, indicating that manufacturing production activity had picked up. The new orders subindex rose to 52 from 29.3, indicating that market demand had recovered, said Wen Bin, chief analyst at China Minsheng Banking Corp.

"Both manufacturing and nonmanufacturing PMIs climbed above the 50 mark, showing improvement in economic activities. But analysts still have to follow economic trends afterward to tell whether the economy has recovered," Wen said.

"Next, China should further step up countercyclical regulation, coordinate its financial, fiscal and employment policies, overcome obstacles for the resumption of production, increase the provision of funds, lower financing costs for the real economy and ensure that the economy continues to show signs of improvement," he said.

Looking ahead, PMI may fluctuate in the second quarter due to the rapid spread of the pandemic worldwide, said Lian Ping, chief economist at Zhixin Investment.

"We should watch the global spread of the disease closely, which may lead to a contraction of external demand and force business activities to halt. As a result, the manufacturing PMI may drop again in April, but the degree of decline will be lower than that of the first two months of this year," Lian said.

External changes will also affect exports, employment, incomes, consumption and market expectations, he said.

Slowdown projected

The World Bank forecast slower economic growth in the East Asia and Pacific region, which has been hit by the novel coronavirus, in the face of the prospect of a global financial shock and recession.

China's economic growth is projected to decline to 2.3 percent in the baseline or most likely scenario and to 0.1 percent in a worse-case scenario in 2020, down from 6.1 percent in 2019, the World Bank said in the updated economic report for the East Asia and Pacific region issued on Tuesday.

Ma Jun, a member of the central bank's monetary policy committee, said at a recent online seminar that it would be difficult for China's GDP growth to reach 6 percent this year. Given the uncertainties, Ma suggested that a GDP growth target should not be set for 2020, the Economic Daily reported on Tuesday.

An unrealistic target would push local governments to take aggressive stimulus measures, especially by promoting infrastructure investment. That could lead to a "flood" of monetary easing, and capital-intensive infrastructure investments would not be helpful for reducing unemployment in the short run, he said.

Top
BACK TO THE TOP
English
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
CLOSE
 
主站蜘蛛池模板: www.avbobo | 色综合五月色婷婷开心 | 日韩avav | 婷婷的久久五月综合先锋影音 | 一区二区影院 | 欧美影院推理片免费看 | 日日摸夜夜摸狠狠摸日日碰夜夜做 | 久操热| 亚洲欧美日韩精品久久奇米色影视 | 免费一级特黄3大片视频 | 亚洲精品免费在线观看 | 国产探花在线精品一区二区 | 免费看的黄网站 | 成人毛片视频在线播放 | 中文区永久区 | 亚洲视频在线观看一区 | 欧美日韩综合视频 | 国产精品毛片大码女人 | 天天伊人网| 日韩中文字幕在线观看视频 | 亚洲免费网 | 日韩国产欧美在线观看 | 欧美午夜一区 | 国产一区在线免费观看 | 国产精品久久久久久久免费大片 | 91福利精品老师国产自产在线 | 久久精品视频在线播放 | 欧美亚洲视频在线观看 | 美女网站在线观看视频18 | 日韩精品久久久久久 | 黄色免费在线观看网址 | 天天操天天操天天操 | 很黄很色的小视频在线网站 | 日韩在线小视频 | 北岛玲亚洲一区在线观看 | 国产精品久久久99 | 午夜精品久久久久久 | 亚洲免费一区二区 | 日本一区欧美 | 久久中文字幕不卡一二区 | 超碰97最新 |