日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

China's service sector stabilizes growth

(Xinhua) Updated: 2014-12-04 10:51

BEIJING -- China's non-manufacturing sector activity showed a slight improvement in November, as new export orders and employment added stabilizers to the economy.

The purchasing managers' index (PMI) for the non-manufacturing sector came in at 53.9 in November, not much different from October's 53.8, according to the National Bureau of Statistics and China Federation of Logistics and Purchasing (CFLP) monthly report.

The figure has stayed well above the waterline of 50 that demarcates expansion from contraction.

PMI for the construction industry rose to 58.9 in November from 58.5 in. Meanwhile, the sub index for non-manufacturing employment stood at 49.5, ending two month's of decline. New orders stood at 50.1.

The official non-manufacturing index samples 1,200 non-manufacturing enterprises of various sizes in sectors including services, construction, software, aviation, railway transport and real estate. among others.

HSBC's PMI for November, also released on Wednesday, showed service business growing at solid pace. little changed from October, at 53.0.

"Non-manufacturing activity, important in stabilizing growth and employment, was stable in November," said Cai Jin, CFLP vice president.

Wu Wei, an analyst with China Logistics Information Center, said, "Employment recovery indicates that the economy is running on more stable ground."

The moderate service's expansion was contrasted by a waning of the manufacturing sector. Official manufacturing PMI slipped for the fourth month in a row, to 50.3, the worst in eight months.

The slide merely reflects the slowdown of the whole economy, which is growing more slowly now than for a number of years.

Qu Hongbin, chief economist of Asian economic research at HSBC, said that alongside the problematic manufacturing sector, the service sector saw very little improvement in November.

"We expect recent rate cuts will stabilize demand in the near term," he said. "However, downside pressures persist and warrant further monetary and fiscal easing."

To stabilize growth, the Chinese government has sped up approval for railway and airport projects, with their value expected to top one trillion yuan this year.

The cabinet wants private capital to invest in seven sectors, including energy, transport, and municipal infrastructure and has announced innovative financing modes through public-private partnerships.

In a bid to bolster especially the small and medium-sized firms and reduce their financing costs, the central bank announced its first interest rate cut in more than two years in November.

Zhu Haibin, J.P. Morgan China chief economist, believes that despite rebalancing efforts, fundamental growth drivers may not change much in the near term, while a continued slowdown in the real estate market will be a drag on growth.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲成人偷拍 | xxxxx亚洲| 天堂网中文在线 | 日本在线播放视频 | 青青草手机在线 | 国产精品久久久亚洲 | 日韩成人免费 | 久久超碰在线 | 四虎啪啪| 日韩免费高清视频 | 国产在线专区 | 欧美不卡在线视频 | 免费黄色高清视频 | aaa特级毛片 | 国产一区欧美一区 | 欧美日韩精 | 婷婷综合视频 | 国产精品成人一区二区网站软件 | 国产美女永久免费 | 超碰天堂| 欧美日韩在线视频免费 | 中国国产毛片 | 中文在线第一页 | 污的视频在线观看 | 国产原创在线观看 | 亚洲一区二区在线观看视频 | 91在线一区二区 | 午夜私人影院 | 国产精品888 | 国产精品视频在线观看 | 色av吧| 九九精品热 | 中文字幕中出 | 国产乱在线 | 国产精品久久久久久久久果冻传媒 | 日韩精品一 | 超碰超碰超碰超碰 | av色图| 国产精成人品免费观看 | 国产成人亚洲综合a∨婷婷 91亚洲精品在线观看 | 男女污污网站 |