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

PMI drops to three-year low in February

By Xin Zhiming | China Daily | Updated: 2019-03-01 10:02
Share
Share - WeChat
Workers perform quality checks at an auto part manufacturing factory in Leting county, Hebei province, on Jan 26. [Photo/Xinhua]

Authorities need to continue supportive policies to boost economy, say analysts

The country's factory activity, measured by the manufacturing Purchasing Managers' Index, slowed to a three-year low in February, indicating that China's economic growth remains weak.

Analysts said the authorities need to continue implementing supportive policies, such as tax and fee reduction, to boost the economy.

The official PMI fell to 49.2 in February from 49.5 in January, marking the third straight month of activity contraction, according to data released by the National Bureau of Statistics on Thursday.

A reading above 50 indicates activity expansion while one below it indicates contraction.

In terms of the breakdown of the index, the output sub-index was 49.5 in February, down from 50.9 in the previous month, the lowest since the start of 2009 when the global financial crisis was at its height.

The easing of the output sub-index was mainly caused by disrupted factory activity during the week-long Lunar New Year holiday in February, the bureau said. Many firms scale back operations or close around the holidays, which began on Feb 4 this year.

The new orders sub-index rose to 50.6 from 49.6 in January, indicating that market demand has recovered moderately, said Zhao Qinghe, a senior official of the bureau, in a statement on the NBS website.

The sub-index for corporate activity expectations was 56.2, compared with 52.5 in January, the highest in four months, showing that the country's economy-stabilizing measures have taken effect to boost the morale of corporate managers, Zhao said.

The measurement for high-tech manufacturing was 51.4, compared with 49.6 in January, and that for pharmaceutical manufacturing and computer and telecommunications equipment manufacturing was also higher than the overall PMI reading, which is an indication of the faster growth of high-tech manufacturing industries, the NBS said.

However, the sub-index for new export orders dropped for the ninth straight month to 45.2 in February, down from 46.9 in January, and the import sub-index was 44.8, compared with 47.1 in the previous month, pointing to the complex foreign trade situation.

"Both global economic growth and global trade growth have slowed and China still faces pressure on the foreign trade front," said analysts from Zhongtai Securities in a research note.

Unless the trade disputes between China and the United States "truly turns into an extended truce, the weakening trend may not end quickly", Iris Pang, an economist at ING, was quoted by Reuters as saying.

China has taken a series of supportive measures, such as tax cuts and fee reductions, to boost the corporate sector. In February, the sub-index of PMI for large-scale enterprises was 51.5, up from 51.3 in January, but that for the small and medium-sized enterprises was 46.9 and 45.3 respectively, both below the 50 mark.

"The stabilization policies have helped increase activities of big firms, but measures such as tax and fee cuts, financial support and administrative reforms that aim to facilitate doing business should be strengthened and they must be implemented in a faster manner," said a research note from Bank of Communications.

China's GDP growth may continue to dip in the first quarter and could start to stabilize and rebound from the second half of this year, it 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: 欧美区在线播放 | 日本黄色不卡视频 | 黄色免费网站电影 | Jizjizjizjiz日本护士水多 | 午夜精品久久久久久99热软件 | 亚洲免费一区 | 黄a在线观看| 色八影院| 亚洲精品电影 | 99热热99| 国产成人午夜性a一级毛片 久久久久亚洲 | 毛片基地看看成人免费 | 亚洲在线免费视频 | 999精品视频在线观看 | 狠狠色丁香婷婷综合久久片 | 成人亚洲一区二区三区 | 国产亚洲精品久久久久久久软件 | 女人一级毛片免费视频观看 | 91人人看 | 久久婷婷在线 | 草综合| av片在线播放 | 国产不卡视频在线 | 九九re6精品视频在线观看 | 明明电影高清在线观看 | 一区二区三区在线观看视频 | 1024污视频| 成人午夜亚洲影视在线观看 | 狠狠色噜噜综合社区 | 国产av毛片 | 97国产精品视频人人做人人爱 | 日韩激情中文字幕一区二区 | 成人精品视频 成人影院 | 亚洲一区美女 | 国产视频第一页 | 亚洲我不卡 | 午夜资源 | 日韩 第一页 | 午夜在线免费观看 | 久久99综合国产精品亚洲首页 | 日韩在线观看视频黄 |