久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Economy

PMI points to weaker service conditions

By Chen Jia (China Daily) Updated: 2014-02-08 00:31

Activity in China's service sector expanded at its slowest pace in two-and-a-half years in January, suggesting weaker demand during the first month of 2014, a private survey showed on Friday.

HSBC Holdings Plc released the Purchasing Managers' Index for services, which eased to 50.7 in January from 50.9 in December.

The official PMI for the service sector — calculated by the China Federation of Logistics and Purchasing and National Bureau of Statistics — was at a five-month low of 53.4 in January, down from 54.6 a month earlier.

For both PMIs, a reading above 50 indicates expansion.

Growth of new orders in the service sector slowed moderately as demand weakened last month, according to the HSBC data. The figures also indicate that service providers' costs rose at the start of the year.

The slower expansion of service activity in January reflected soft manufacturing growth and the impact of the government's latest measures to curb official extravagance, said Qu Hongbin, chief economist in China and co-head of Asian economic research at HSBC.

"As business sentiment remains stable, we expect service growth to bounce back a little in the coming months," he said.

"Yet a meaningful improvement relies on stronger growth of manufacturing and the implementation of reforms to boost the service sector."

The manufacturing PMI, released earlier by the NBS and CFLP, slid to 50.5 in January — the lowest level since August — compared with 51 in December and 51.4 in November.

The HSBC manufacturing PMI for January cooled to a six-month low of 49.5, a level indicating contraction, from 50.5 in December and 50.8 in November. It was the first time since August that the reading dropped below 50.

Other indicators, including industrial output, retail and fixed-asset investment, also weakened at the end of 2013.

Wang Tao, chief economist in China at UBS AG, characterized the current economic situation as "a seemingly soft start" for 2014.

"We anticipate the January data to show that economic momentum may have softened slightly, due in part to Chinese New Year distortions," she said.

Wang said China's relatively warm winter likely helped keep food prices and consumer inflation subdued and power use weaker in January.

Zhu Haibin, chief economist in China at JPMorgan Chase & Co, said: "In the near term, the volatility in the financial market adds to the concern about economic slowing.

"The first thing to watch for whether the upward drift in interbank rates and higher volatility will be passed through to ultimate borrowers in the business sector."

He mentioned other factors that will constrain growth momentum in the coming months, including lingering manufacturing overcapacity, tighter local government financing conditions and a slowing in the housing market.

However, the chief China economist at the Royal Bank of Scotland, Louis Kuijs, said there is no need to become "overly concerned" about growth in China.

"The government has the policy space it needs to ensure its bottom line on growth while retaining financial stability.

"We will also pay attention to how policymakers balance the need to rein in credit growth and the excesses in shadow banking with the desire to keep GDP growth above the bottom line of about 7 percent," Kuijs said.

Hot Topics

Editor's Picks
...
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    日韩美女在线视频 | 中文字幕乱码亚洲精品一区| www.66久久| 亚洲一二三四久久| 91精品国产一区二区三区| 国内一区二区视频| 国产精品福利一区二区三区| 91国偷自产一区二区开放时间 | 亚洲免费观看高清完整版在线观看| 日本丶国产丶欧美色综合| 午夜精品福利一区二区三区蜜桃| 日韩精品一区二区三区swag | 久久久久久毛片| 99久久夜色精品国产网站| 亚洲一区二区偷拍精品| 精品精品国产高清一毛片一天堂| 成人在线视频一区| 亚洲一区二区三区四区五区中文| 日韩一区二区三区在线观看| 福利视频网站一区二区三区| 一区二区三区四区中文字幕| 日韩一区二区三区视频| 成人综合在线视频| 天天综合日日夜夜精品| 亚洲国产精品二十页| 欧美三电影在线| 国产精品123| 亚洲一区二区高清| 久久五月婷婷丁香社区| 91久久精品一区二区| 久久99精品久久久久久| 亚洲免费在线电影| 精品国产99国产精品| 91猫先生在线| 国产美女精品在线| 亚洲国产综合91精品麻豆| 久久精品男人天堂av| 欧美亚洲国产bt| 国产福利一区在线| 天天色图综合网| 亚洲欧美综合色| 日韩欧美国产小视频| 91极品视觉盛宴| 国产黄色精品网站| 日韩激情在线观看| 亚洲伦在线观看| 久久亚洲影视婷婷| 欧美日韩日日骚| av男人天堂一区| 精品亚洲成a人在线观看| 一区二区三区精品| 亚洲国产精品t66y| 精品久久人人做人人爽| 欧美日韩亚洲综合在线| 国产成人一区二区精品非洲| 日韩福利视频网| 亚洲精品高清在线| 国产精品污污网站在线观看| 欧美成人r级一区二区三区| 一本久道久久综合中文字幕| 国产成人综合亚洲91猫咪| 日本亚洲三级在线| 亚洲国产一区二区在线播放| 中文字幕在线不卡一区| 国产欧美视频一区二区三区| 日韩一卡二卡三卡| 欧美日韩三级在线| 欧美在线视频不卡| 91色乱码一区二区三区| 国产**成人网毛片九色| 久久成人羞羞网站| 日韩综合一区二区| 亚洲小少妇裸体bbw| 国产精品色呦呦| 久久夜色精品一区| 欧美电视剧在线观看完整版| 欧美日韩视频在线一区二区| 91蜜桃婷婷狠狠久久综合9色| 春色校园综合激情亚洲| 国产成人免费高清| 精品一区二区三区在线播放视频| 爽爽淫人综合网网站| 亚洲一区在线播放| 亚洲尤物视频在线| 亚洲久草在线视频| 亚洲人成影院在线观看| 亚洲欧洲av另类| 亚洲天堂a在线| 亚洲免费在线观看| 亚洲色图在线播放| 亚洲日本在线看| 亚洲视频在线观看三级| 亚洲欧美日韩国产成人精品影院| 中文字幕一区视频| 亚洲女同一区二区| 亚洲欧美区自拍先锋| 一区二区在线观看av| 亚洲激情图片qvod| 亚洲午夜激情网页| 午夜精品在线视频一区| 日韩成人精品视频| 老司机精品视频线观看86| 激情六月婷婷综合| 国产一区二区三区观看| 国产酒店精品激情| 成人性生交大片免费| 不卡一区二区三区四区| 色综合久久中文字幕| 欧美性猛交一区二区三区精品| 欧美亚洲免费在线一区| 欧美男人的天堂一二区| 日韩一区二区三区电影| 精品国产一区a| 欧美激情一区二区三区在线| 麻豆精品在线看| 六月丁香婷婷色狠狠久久| 狠狠色丁香久久婷婷综| 国产宾馆实践打屁股91| av不卡一区二区三区| 日本道色综合久久| 91精品国产一区二区人妖| 精品国产自在久精品国产| 欧美国产欧美综合| 亚洲精品免费在线| 天堂一区二区在线| 精品一区二区三区免费观看| 国产风韵犹存在线视精品| 97久久超碰精品国产| 精品视频色一区| 精品国产麻豆免费人成网站| 国产日产欧美精品一区二区三区| 亚洲色图制服诱惑| 青青草精品视频| 国产成人av电影在线| 日本久久一区二区三区| 日韩一区二区中文字幕| 中文字幕乱码一区二区免费| 亚洲一区二区欧美| 国产一区二区影院| 色狠狠色噜噜噜综合网| 91精品国产综合久久国产大片| 久久久久久免费| 亚洲精品自拍动漫在线| 人妖欧美一区二区| 成人美女在线视频| 欧美日韩国产三级| 国产偷国产偷精品高清尤物| 一区二区三区视频在线看| 麻豆国产精品一区二区三区| 成人av电影观看| 欧美精品一级二级| 国产精品你懂的| 午夜视频一区二区| 高潮精品一区videoshd| 欧美剧情片在线观看| 日本一区二区三区国色天香 | 日本欧美一区二区| 不卡高清视频专区| 4438成人网| 亚洲欧美在线另类| 另类小说综合欧美亚洲| 色综合久久中文综合久久97| 欧美变态tickle挠乳网站| 亚洲乱码国产乱码精品精98午夜 | 国精产品一区一区三区mba桃花 | 欧美亚洲综合久久| 国产欧美日韩在线观看| 偷偷要91色婷婷| 99久久精品国产导航| 精品少妇一区二区三区视频免付费| 亚洲视频免费观看| 国产精品正在播放| 9191久久久久久久久久久| 中文字幕亚洲在| 久久成人18免费观看| 欧美视频你懂的| 中文字幕乱码亚洲精品一区| 日本人妖一区二区| 欧美亚洲国产怡红院影院| 国产嫩草影院久久久久| 蜜臀久久99精品久久久久宅男| 99精品视频一区二区| 国产亚洲综合性久久久影院| 丝袜亚洲另类丝袜在线| 色噜噜狠狠色综合中国| 欧美高清在线视频| 国产一区二区看久久| 在线播放视频一区| 一区二区三区鲁丝不卡| 国产aⅴ综合色| wwwwww.欧美系列| 免费在线欧美视频| 欧美三级中文字| 亚洲日本护士毛茸茸| 成人听书哪个软件好| 亚洲精品一区二区三区香蕉| 视频一区二区不卡| 欧美亚洲免费在线一区| 亚洲欧美视频一区| jlzzjlzz国产精品久久|