麻豆中文字幕丨欧美一级免费在线观看丨国产成人无码av在线播放无广告丨国产第一毛片丨国产视频观看丨七妺福利精品导航大全丨国产亚洲精品自在久久vr丨国产成人在线看丨国产超碰人人模人人爽人人喊丨欧美色图激情小说丨欧美中文字幕在线播放丨老少交欧美另类丨色香蕉在线丨美女大黄网站丨蜜臀av性久久久久蜜臀aⅴ麻豆丨欧美亚洲国产精品久久蜜芽直播丨久久99日韩国产精品久久99丨亚洲黄色免费看丨极品少妇xxx丨国产美女极度色诱视频www

Economic Watch: China's factory, service activities continue to expand

Source: Xinhua| 2018-07-31 19:12:57|Editor: ZX
Video PlayerClose

BEIJING, July 31 (Xinhua) -- Expansion of China's factory and service activities slowed down in July but still pointed to steady economic growth.

The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.2 this month, down from 51.5 in June, the National Bureau of Statistics (NBS) said Tuesday.

Activities of the country's non-manufacturing sector also expanded at a slower pace in July, with its PMI standing at 54, compared with 55 in June.

Though PMIs for both sectors dropped compared with the previous month, they still pointed to steady expansion as a reading above 50 indicates expansion, while a reading below reflects contraction.

The PMI for the manufacturing sector has remained above 51 for five consecutive months while that for the non-manufacturing sector has maintained at or above 54 for 11 months in a row.

"While there are some fluctuations in PMI figures, China's factory and service activities are still stable, indicating steady economic growth momentum," NBS senior statistician Zhao Qinghe said.

Zhao attributed the slight drops in July's PMI figures to bad weather conditions, escalating trade tensions, and a slack season for some sectors.

Hot weather and rainy days affected some mining and construction firms, while trade frictions weighed on export enterprises by dampening new orders.

However, the sub-index for consumer products manufacturing picked up in July thanks to consumers' increasing purchase power as their disposable income rises.

Meanwhile, NBS data also showed that pressure of rising costs for some firms eased and supply conditions for financing and labor force improved this month.

China has issued a string of measures to support the real economy in the past few weeks. The central bank and other financial regulators published more pragmatic execution guidelines for the wealth management industry and encouraged banks to allocate more on credit bonds, while the State Council called for more accommodative fiscal policies.

The PMI for the manufacturing sector is expected to rebound in the future as the government's supportive policies gradually take effect and influence of seasonal factors fades, according to Lian Ping, chief economist with Bank of Communications.

China's economy expanded 6.8 percent year on year in the first half of this year, above the annual target of around 6.5 percent.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001373597481