china factory activity expands further in march
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

in the world's second-largest economy

China factory activity expands further in March

Arab Today, arab today

Arab Today, arab today China factory activity expands further in March

Chinese factory activity accelerated in March 2017
Beijing - ArabToday

Chinese factory activity accelerated in March, official data showed on Friday, the latest sign of improving momentum in the world's second-largest economy but analysts warned of headwinds later down the line.

The figures are the most recent to suggest that a years-long growth slowdown, which has had knock-on effects globally, could be easing, although there are also concerns about the outlook for world trade caused by US President Donald Trump's protectionist leanings.

The official purchasing managers' index (PMI), which gauges conditions at factories and mines, edged up to 51.8, slightly beating the 51.7 forecast in a Bloomberg News survey and up from the previous month's 51.6.

A figure above 50 indicates growth while anything below points to contraction.

"The manufacturing sector continued to maintain a steady trend," National Bureau of Statistics (NBS) analyst Zhao Qinghe said in a note, adding that a pickup in production and in demand drove the results.

"High-tech manufacturing continued rapid expansion."

The results suggest that China's economy "continued to perform well in March," said Julian Evans-Pritchard of Capital Economics in a note, adding that the data show labour-market conditions have also improved.

But he noted that the strength "probably won't last" as a looming property-market correction and a tightening of monetary policy will squeeze industrial activity later in the year.

Analysts with ANZ noted the positive results were boosted in part by a rally in commodity prices that is "reaching (its) limit" and predicted a softening of producer price growth.

"The return of investment-driven growth is not welcome from the policymakers' point of view," they added.

Friday's reading follows data showing a surge in imports last month while economic growth came in slightly better than expected at the end of 2016.

Beijing has said it wants to reorient the economy away from relying on debt-fuelled investment and towards a consumer-driven model, but the transition has proven challenging, leading to the slower growth readings in recent years.

However, there is growing uncertainty about the future owing to Trump's promises to revise global trade deals and his past accusations of China being a currency manipulator.

Chinese President Xi Jinping is pencilled in to meet Trump in Florida next week, when trade and economic issues are expected to dominate the agenda.

On Thursday, Trump predicted on Twitter the meeting would be "very difficult", adding: "We can no longer have massive trade deficits... and job losses. American companies must be prepared to look at other alternatives."

source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china factory activity expands further in march china factory activity expands further in march

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china factory activity expands further in march china factory activity expands further in march

 



GMT 09:16 2017 Wednesday ,13 December

Cape wearing tips

GMT 20:49 2017 Monday ,21 August

South Asia floods claim more than 750 lives

GMT 19:06 2016 Saturday ,10 December

IOF Close Al-Nabi Saleh Village's Entrance

GMT 18:01 2017 Wednesday ,22 February

Abu Sayyaf ‘likely’ behind Vietnam freighter attack

GMT 06:41 2017 Sunday ,03 December

Hamas threatens 'intifada' over US moves on Jerusalem

GMT 16:17 2017 Saturday ,21 January

BMW 7 series crosses 5,000 unit mark in 2016

GMT 12:17 2016 Wednesday ,24 February

United Technologies nixes Honeywell merger

GMT 23:37 2017 Monday ,31 July

Saudi Arabia sanctions Hezbollah member

GMT 05:45 2018 Saturday ,29 September

Abdullah bin Zayed hosts official reception in New York

GMT 04:12 2018 Friday ,12 January

Saudi-led coalition says Yemen rebels threat

GMT 11:18 2014 Monday ,22 December

Richard Ward adds to The Chelsea Collection

GMT 21:20 2017 Monday ,06 February

UN resumes food air drops in Deir Ezzor

GMT 22:24 2017 Friday ,15 December

HRH Premier thanked by Cambodian counterpart

GMT 02:11 2017 Monday ,23 October

Oct24/Nov22

GMT 21:31 2017 Monday ,11 December

HM King congratulates Burkinabe President

GMT 20:22 2017 Monday ,23 October

EU deplores attack against police
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday