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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Growth stays strong in November

By Xin Zhiming and Wang Yanfei | China Daily | Updated: 2017-12-01 08:05

Growth stays strong in November

China's economic growth remains resilient and the momentum may at least head into the end of this year as the country's manufacturing Purchasing Managers' Index picked up in November, analysts said.

The official manufacturing PMI released by the National Bureau of Statistics on Thursday stood at 51.8 in November, compared with 51.6 in October.

It has remained above the 50-point mark, which separates growth from contraction, for 16 straight months.

"China's manufacturing industry has maintained stable and rising growth momentum," said Zhao Qinghe, a senior statistician, in a statement published on the website of the NBS.

High-tech and consumer goods manufacturing were the main contributors to the high reading in November, said Zhao.

The sub-index for output rose to 54.3 in November from 53.4 in October, while that for new orders strengthened to 54.3 from 53.6 in the previous month, according to the NBS. The sub-index for new export orders stood at 50.8, compared with 50.1 in October, it said.

The official non-manufacturing PMI, meanwhile, came in at 54.8, up from 54.3 in October, the NBS said.

The rising indexes show that the effect of China's supply-side structural reform and environmental protection measures on production can be offset by growth in consumption and exports, said Zhang Yiping, an analyst with China Merchants Securities.

"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.

The improvement in global demand is a major factor behind the higher PMI reading in November, he said. "The improving foreign demand has a great bearing on stable manufacturing output."

China's fixed-asset investment, industrial output and export growth weakened in October and raised concerns that growth in the world's second-largest economy may slow in the last quarter of this year after the country registered stronger-than-expected 6.9 percent GDP growth in the first three quarters.

But the November PMI reading shows that the Chinese economy remains resilient and the strong growth momentum may continue into the year-end and even extend to the first quarter of next year, analysts said.

"So far though, the economy remains in a sweet spot-with policymakers facing little trade-off between the conflicting objectives of growth and deleveraging," said Tom Orlik, chief Asia economist of Bloomberg. The November PMI reading points to "continued resilience in China's growth headed into year-end", he said.

China's tightening of financial policy has already hit financial markets, pushing up bond yields and caused major sell-offs in the equity market this month. But "policymakers remain in a goldilocks period, where they can make progress on the deleveraging agenda without obvious signs of a drag on growth", Orlik said.

"A lot of people (predicted) a cyclical slowdown, but we haven't seen that," said Zhou Hao, senior Asia emerging markets economist at Commerzbank. "It looks like the current momentum can be sustained until at least early next year," he told Bloomberg.

Many economists predicted that China's GDP growth may hit 6.8 percent this year, higher than the 6.5 percent target that was set early this year.

Contact the writers at xinzhiming@chinadaily.com.cn

Most Viewed in 24 Hours
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
 
主站蜘蛛池模板: 好吊视频一区二区 | 国产麻豆精品在线观看 | 97免费公开视频 | 午夜国产福利视频 | 亚洲精品2| 天天拍夜夜操 | 国产精品综合网 | 久久人人澡 | 超碰首页 | 亚洲色综合 | 99精品视频网站 | 天堂中文字幕在线观看 | 一级片免费网站 | 免费在线观看成人 | 91视频麻豆 | 超级碰在线 | 婷婷视频网站 | 九九国产视频 | 天天操夜夜逼 | 黄色在线观看 | 免费在线看黄视频 | 丁香婷婷在线 | 美女特级毛片 | 自拍一级片 | 欧美精品第一页 | 欧美午夜网站 | se婷婷 | 在线观看欧美日韩视频 | wwwxx欧美 | 色综合中文网 | 免费看黄色一级视频 | 91日韩国产 | 欧美性猛交xxxx | 久草资源在线视频 | 国产精品久久久网站 | 午夜导航 | 欧美一区二区三区在线视频 | 日韩视频一区在线观看 | 国产视频91在线 | 一区二区三区不卡在线观看 | 亚洲人精品 |