Monday , May 26 , 2025
Home> Business
Fears mount over inflation pressure
May-4-2010

The Purchasing Managers' Index (PMI) of China's manufacturing sector surpassed 50 percent in April, the 14th straight month the index exceeded the critical point, indicating China's continued economic growth, but analysts warned of rising inflationary pressures due to the rising cost of imported raw materials.

The PMI rose to 55.7 percent in April, 0.6 percentage points higher than the previous month, according to a report released by the China Federation of Logistics and Purchasing (CFLP).

The PMI is a gauge of China's manufacturing activity and foreign trade trends. A reading above 50 percent indicates that the nation is experiencing economic growth, while one below 50 percent signals decline.

"The April figures show that China's economy is staying on a stable and relatively fast growth track," said Lian Ping, chief economist with Bank of Communications.

A paper released recently by the Chinese Academy of Social Sciences said China's economy is expected to gain further momentum this year, after having experienced sluggish growth in 2009.

However, analysts are also concerned about increasing inflationary pressures as one of the 11 sub-indexes, the purchasing prices index, which signals the inflationary level, jumped to the highest since the second half of 2008.

The PMI purchasing prices index surged to 72.6 percent in April, an increase of 7.5 percentage points over the previous month. Since November last year, the index has remained above 60 percent.

"Signs of inflationary pressures are becoming evident, which could also explain the central bank's decision to raise the deposit reserve requirement ratio," said Lian.

"It (the announcement) comes a day after the release of the PMI, which is partly due to growing government concern over inflationary pressures," he added.

On Sunday, China raised banks' reserve requirements by 50 basis points, the third increase of this magnitude this year, in a bid to calm the surging economy.

Zhang Liqun, a senior researcher with the Development Research Center of the State Council, said the fast pace of growth in purchasing prices would significantly increase production costs and would add to the burden on local manufacturers.

"We need to pay close attention to the possible difficulties that they are facing, as prices of oil, gas, water and electricity are all rising," Zhang said.

The order index for exports, another sub-index of the PMI, remained unchanged at 54.5 percent compared with March, and the CFLP cautioned the "recovery of China's exports this year would be hampered due to uncertain future global economic outlook". But analysts said they have full confidence in the prospects for foreign trade in 2010.

"The growth of China's exports is expected to reach 20 percent in 2010," said Dong Xian'an, chief economic analyst of Industrial Securities.

 
主站蜘蛛池模板: 国产一级毛片视频在线!| 国产精品自在线拍国产手机版 | 韩国激情3小时三级在线观看| 国产精品久久久久久久久| 91资源在线观看| 女人张开腿男人猛桶视频| 中国老熟妇xxxxx| 无遮挡边吃摸边吃奶边做| 久久精品国产亚洲| 最近高清中文在线国语视频完整版| 亚洲无码在线播放| 欧美黄成人免费网站大全| 伊人久久久久久久久香港| 精品久久久久久无码专区| 同学麻麻下面好紧第一次| 老师你的兔子好软水好多作文高清| 国产免费无遮挡精品视频 | 岳的大白屁股光溜溜| 中文字幕久久久久久久系列| 日本三级片网站| 国产亚洲综合一区二区三区 | 抬头见喜全集免费版| 久久久久国产精品免费看| 日韩在线a视频免费播放| 久草免费在线观看视频| 校花被折磨阴部流水| 亚洲免费中文字幕| 欧美亚洲视频在线观看| 亚洲国产精品综合一区在线| 欧美激情一区二区三区视频| 亚洲欧美日韩在线观看播放| 毛片免费在线播放| 亚洲男人的天堂在线播放| 波多野结衣被三个小鬼| 亚洲色成人www永久网站| 热99re久久免费视精品频软件| 亚洲资源在线视频| 特黄特黄一级高清免费大片| 亲密爱人完整版在线观看韩剧| 狠狠综合久久久久尤物丿| 人妻内射一区二区在线视频|