chinadaily.com.cn
    left corner left corner
    China Daily Website

    Services sector contracts

    Updated: 2013-05-04 01:26
    By Chen Jia ( China Daily)

    Latest official PMI shows potential downside risks for China's economy

    Modest growth is likely to be maintained in China, helped by ongoing structural reforms, despite it still facing some strong headwinds, particularly eurozone recession and sluggish US demand, experts said on Friday.

    They were reacting to the latest official economic figures, which showed that China's non-manufacturing sector contracted in April. The figures, released by the National Bureau of Statistics, showed the purchasing managers index for the non-manufacturing, or services, sector stood at 54.5 percent in April, down 1.1 percentage points from March.

    "The figure still remained above 50, which means a continuing expansion of the services sector," said Pan Jiancheng, deputy director-general at the China Economic Monitoring and Analysis Center under the NBS.

    Catering, transport and maintenance firms had fewer new orders in April, which Pan blamed on subdued government spending, while new orders for hotels, telecommunications, broadcasting, television and satellite transmission services fared better.

    Official figures on Wednesday had showed factory production registered slower growth in April, indicated by the 50.6 manufacturing PMI, down from 50.9 in March.

    The non-manufacturing PMI is based on a survey of about 1,200 companies in 27 industries, including transportation, real estate, catering and software development.

    Some global hedge fund holders, including James Chanos from Kynikos Associates, highlighted the potential downsides for China, and said he was betting on a "hard landing" when the real estate market collapses and the banks see systemic crisis.

    Wang Jun, a senior economist with the China Center for International Economic Exchanges, a government think tank, said: "Slowdown risks should be taken seriously, but I am in no doubt that GDP growth will keep above 7.5 percent this year.

    "It is unlikely the government will release any strong stimulus package this year, as a more important task is to improve growth quality and accelerate structural reforms."

    The government stated, after a meeting on April 25, it planned to keep its macro economics policy "stable and flexible", as well as focus on the quality and profitability of growth.

    It also pointed to controlling local government financing vehicles and guarding against rapid credit growth, by regulating the fund-raising activities of local governments.

    Previous Page 1 2 Next Page

    8.03K
     
    ...
    ...
    ...
    亚洲av中文无码乱人伦在线咪咕| HEYZO无码综合国产精品227| 精品无码久久久久久久久久| 国产成人无码AV麻豆| 国产精品中文久久久久久久| 日韩精品无码一区二区三区不卡| 久草中文在线观看| 一二三四社区在线中文视频| 精品无码人妻夜人多侵犯18| 日韩av无码免费播放| 最近中文国语字幕在线播放| 乱人伦中文无码视频在线观看| 国产做无码视频在线观看浪潮| 无码少妇精品一区二区免费动态| 中文精品99久久国产| 色综合久久中文字幕无码| 中文字幕7777| 亚洲精品无码永久在线观看| 久99久无码精品视频免费播放| 精品亚洲A∨无码一区二区三区| 一本大道东京热无码一区| 在线天堂资源www在线中文| 中文字幕在线免费看线人 | 天堂在线观看中文字幕| 一本无码中文字幕在线观| 久久久久亚洲AV无码去区首| 免费无码成人AV在线播放不卡 | 中文字幕乱偷无码AV先锋| 最好看的最新高清中文视频| 最近2019免费中文字幕视频三| 无码精品日韩中文字幕| 最近中文字幕在线中文视频| 亚洲中文字幕无码日韩| 久久精品中文字幕久久| 暖暖免费日本在线中文| 中文字幕14页影音先锋| 久久久网中文字幕| 日韩av无码免费播放| 亚洲av无码不卡一区二区三区| 小13箩利洗澡无码视频网站| 麻豆aⅴ精品无码一区二区|