China's manufacturing hits 7-month high: HSBC

0 Comment(s)Print E-mail Xinhua, October 24, 2013
Adjust font size:

Manufacturing activities in China increased to a seven-month high in October, according to HSBC'S preliminary purchasing managers' index (PMI) on Thursday.

The HSBC Flash Manufacturing PMI for October rose to 50.9. The reading compared with a final recording of 50.2 for September, HSBC said in a report. The 50.9 figure is the highest since April.

The October figure, the earliest reading of China's monthly economic performance, further confirmed a gradual recovery in the world's second-largest economy.

Qu Hongbin, chief China economist with HSBC, said the country's growth recovery was becoming consolidated into the fourth quarter.

The momentum is likely to continue in the coming months, creating favorable conditions for speeding up structural reforms, Qu said.

In the first nine months of the year, China's economy rose 7.7 percent from a year earlier, keeping the country on track to meet its 7.5-percent annual growth target for 2013. Third-quarter GDP growth rebounded to 7.8 percent from 7.5 percent in the second quarter and 7.7 percent in the first quarter.

However, many economists remained concerned about a softening momentum in September, which was indicated by slower growth in industrial output, fixed asset investment and retail sales. Sluggish global demand also weighed on growth, with exports unexpectedly down 0.3 percent year on year last month.

"Despite the rise of this flash PMI reading, we believe sequential GDP growth peaked in the third quarter at 2.2 percent and people should expect moderation to a more sustainable growth at between 1.8 percent and 2 percent in the fourth quarter," said Lu Ting, chief China economist with Bank of America Merrill Lynch.

Lu expects year-on-year GDP growth to be 7.7 percent in the fourth quarter from 7.8 percent in the third quarter. Endi

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    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: 久久国产精品久久久久久| 在线小视频国产| 亚洲黄色中文字幕| 荡公乱妇hd在线| 国内精品伊人久久久久妇| 久久久亚洲欧洲日产国码二区| 污污的文章让人起反应的| 动漫人物桶机动漫| 欧美欧洲性色老头老妇| 好男人社区www影院在线观看| 乱爱性全过程免费视频| 男人边摸边吃奶边做下面| 国产91在线播放动漫| 1313mm禁片视频| 在线天堂资源www在线中文| 一区二区三区影院| 成人高清毛片a| 亚洲av色无码乱码在线观看| 永久黄网站色视频免费直播| 四虎国产精品免费久久| 4480新视觉yy理论片| 夜来香高清在线观看| 久久久久夜夜夜精品国产| 极品校花yin乱合集| 亚洲成av人片不卡无码| 精品国产乱码久久久久久浪潮| 国产成人精品免高潮在线观看| 尤物yw午夜国产精品视频| 国产自国产自愉自愉免费24区| 99久久99久久久精品久久| 天堂一码二码专区| jizz免费看| 无码国产色欲xxxx视频| 亚洲免费网站观看视频| 第九色区AV天堂| 国产亚洲Av综合人人澡精品| 337p日本欧洲亚洲大胆人人| 国内精品在线播放| 99久久免费国产精精品| 在线观看视频免费123| a在线观看网站|