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China's manufacturing PMI drops to 50.5 pct in January

English.news.cn   2014-02-01 10:13:25

A woman works in a clothing factory at Shahe Town of Ganyu County in Lianyungang City, east China's Jiangsu Province, Oct. 13, 2013. (Xinhua/Si Wei)

BEIJING, Feb. 1 (Xinhua) -- China's purchasing managers' index (PMI) for the manufacturing sector dropped to five-month low to 50.5 percent in January, according to official data released on Saturday.

January continued December's decline and marked the lowest factory activity since August 2013, according to a statement jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP).

In January, the sub-index for production stood at 53 percent, down 0.9 percentage points from December, while the sub-index for new orders lost 1.1 percentage points to 50.9 percent, said the statement.

Major PMI compounds all declined in January, indicating downward pressure on the economy, said Zhang Liqun, an analyst with the Development Research Center of the State Council.

But Zhang also added that the factory activity, despite the decline, was still in expansion, "In general, the country's economy is still expecting stable growth," he said.

A PMI reading below 50 indicates contraction, while that above 50 signals expansion.


News Analysis: A shaky start, China enters 2014 with reform hopes

BEIJING, Jan. 27 (Xinhua) -- Although China's economy managed to end a somewhat turbulent 2013 on solid footing, a shaky start this year, as shown in new manufacturing data, has renewed worries over its growth prospects.

The flash reading for the China manufacturing Purchasing Managers' Index (PMI) dropped to 49.6 in January, falling below the 50-threshold that demarcates expansion and contraction and marking the lowest point in six months, a preliminary HSBC survey showed.  Full story

China confident in meeting economic growth target

BEIJING, Jan. 22 (Xinhua) -- China's top economic planning body expressed confidence on Wednesday in the country fulfilling the national economic growth rate goal included in its 12th Five Year Plan (2011-2015).

"Given current economic trends, there will be no problem at all in China realizing 7-percent average annual economic growth at the end of the 12th Five Year period," said Xu Lin, director of the Department of Development Planning under the National Development and Reform Commission (NDRC), during the NDRC's monthly press conference.  Full story

Xinhua Insight: China economy grows 7.7 pct in 2013, beating government target

BEIJING, Jan. 20 (Xinhua) -- China's economy grew 7.7 percent in 2013, the same as 2012, overshooting the government target of 7.5 percent, according to the National Bureau of Statistics (NBS) on Monday.

Gross domestic product (GDP) totalled 56.9 trillion yuan (9.3 trillion U.S. dollars), the NBS said.  Full story

China PMI lowest since Aug. 2011: survey

BEIJING, Jan. 6 (Xinhua) -- Business activity in China's services sector fell significantly in December to its lowest level since August of 2011, according to results of a private sector survey released on Monday.

The HSBC/Markit China services purchasing managers' index (PMI) posted at 50.9 in December, notably down from 52.5 in November.  Full story

Chinese economy to maintain stable growth in 2014 in spite of low PMI

By Shen Qing

BEIJING, Jan. 5 (Xinhuanet) -- Chinese economy will maintain stable growth in 2014, in spite of a four-month low Purchasing Managers' Index PMI.

According to data jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP), the PMI for December further retreated to 51 from 51.4 in November.  Full story

Editor: Hou Qiang
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