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China's manufacturing growth rises in April

English.news.cn   2014-05-01 09:26:58

BEIJING, May 1 (Xinhua) -- China's manufacturing growth continued to rise in April, fresh evidence of better performance in the manufacturing sector, official data showed on Thursday.

The purchasing managers' index (PMI) for the manufacturing sector rose to 50.4 last month, up from 50.3 in March, according to a statement jointly released by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing.

This is the second consecutive monthly uptick of the widely watched data. The index began to climb in March after three months of declines.

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

The sub-index for new orders gained 0.6 in April from the previous month to 51.2, the statement said.

The sub-index for production dipped 0.2 in April from the prior month to 52.5. The sub-index for employment remained flat at 48.3, noted the statement.

The latest index shows that China's market demand is improving, but the momentum of the recovery is not strong, said Zhao Qinghe, a senior analyst with the NBS.

Related:

China's industrial profits grow faster in March

BEIJING, April 27 (Xinhua) -- Chinese industrial businesses reported improving profitability in March, propelling profits for the whole first quarter onto a faster track.

Profits of industrial companies with annual business revenue of more than 20 million yuan (3.25 million U.S. dollars) reached 1.3 trillion yuan from January to March, the National Bureau of Statistics (NBS) said in a statement on Sunday.  Full story

China to maintain policy continuity, stability

BEIJING, April 25 (Xinhua) -- China's economic growth in the first quarter was within a proper range, so the government will maintain continuity and stability of its macroeconomic policies, the top leadership announced on Friday.

Since the beginning of the year, the country has faced challenges and difficulties head on but the economy has generally had a good start, said a statement released after a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee.  Full story

Editor: Zhu Ningzhu
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