China's December PMI of manufacturing sector drops to 53.9 pct

 
0 CommentsPrint E-mail Xinhua, January 1, 2011
Adjust font size:

The Purchasing Managers Index (PMI) of China's manufacturing sector dropped to 53.9 percent in December, down 1.3 percentage points from November, the China Federation of Logistics and Purchasing (CFLP) said Saturday.

It was the 22nd straight month the index was above the boom-and-bust line of 50 percent. Before dropping in December, the index had risen for four consecutive months.

The drop was a delayed response to the drop in commodity prices in November, which the November PMI had failed to reflect, said Haitong Securities analyst Liu Tiejun.

The PMI is a package of indices that measure the performance of the country's manufacturing sector. A reading above 50 percent indicates economic expansion. One below 50 percent indicates economic contraction.

The December PMI data does not indicate China's economic growth has slowed, as returns on value-added industrial activity, exports and investment grew significantly in November, said Zhang Liqun, a researcher at the State Council's Development Research Center.

He said the decline was mainly caused by a decrease in new domestic orders.

Among the 11 sub-indices, new orders and input prices indices fell the most. The new orders index dropped 2.9 percentage points while the input prices index fell 6.8 percentage points.

Cai Jin, deputy chairman of the CFLP, said the drop showed the government's tightening measures to rein in inflation have worked.

The consumer price index, the main gauge of inflation, surged to a 28-month high of 5.1 percent in the year to November, exceeding the government's target ceiling of 3 percent for the year.

With inflation running at a record high, China announced in December it would in 2011 shift its monetary policy stance from relatively loose to prudent.

The proactive fiscal policy which China implemented in late 2008 to aid the national economy through the global financial crisis will continue in 2011, however, authorities said.

 

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 免费大片在线观看网站| 麻豆porno| 深夜a级毛片免费视频| 国产欧美va欧美va香蕉在线观看| 上原亚衣一区二区在线观看| 色88久久久久高潮综合影院| 在公交车上弄到高c了公交车视频| 久久人爽人人爽人人片av| 特区爱奴在线观看| 国产乱人伦真实精品视频| 91精品国产欧美一区二区| 手机在线看片国产| 亚洲免费观看在线视频| 真实乱视频国产免费观看| 国产在线精品观看一区| 99久久精品午夜一区二区| 新97人人模人人爽人人喊| 亚洲国产视频网站| 精品日韩一区二区三区视频| 国产激爽大片高清在线观看| jizz国产精品| 日本在线观看中文| 亚洲国产精品久久久久秋霞影院| 热99re久久精品这里都是精品免费| 国产乱子伦农村叉叉叉| 黑冰女王踩踏视频免费专区| 多女多p多杂交视频| 中文字幕无码精品亚洲资源网| 欧洲吸奶大片在线看| 亚洲自偷自拍另类图片二区| 老头天天吃我奶躁我的动图| 国产漂亮白嫩美女在线观看| 香蕉视频黄在线观看| 天天干视频网站| 久久96国产精品久久久| 欧美zooz人禽交免费| 亚洲黄网在线观看| 男人边吃奶边做视频免费网站| 国产一级特黄高清在线大片| xxxxx在线| 天天曰天天干天天操|