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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Service sector shines in February, while manufacturing moseys along

By Wei Tian and Yu Ran in Shanghai | China Daily | Updated: 2014-03-04 07:58

China's service sector brightened in February, boosted by post-holiday business activity, but the overall economic prospects are still shadowed by a continuing slowdown in the manufacturing sector.

The official non-manufacturing Purchasing Managers' Index, a key indicator of service activities, rose to a three-month high of 55 in February from 53.4 in January, according to a Monday statement from the China Federation of Logistics and Purchasing.

Meanwhile the HSBC manufacturing PMI, also out on Monday, stood at an eight-month low of 48.5, down from 49.5 a month ago, signaling further deceleration in economic growth, while the official figure on Saturday by the China Federation of Logistics and Purchasing was barely above the critical 50mark.

Service sector shines in February, while manufacturing moseys along

A PMI reading above 50 indicates expansion on the previous month while anything below indicates contraction.

Analysts said the distinction was largely a result of the Spring Festival, China's lunar New Year, in early February, which created seasonal demand for service activities but closed down small factories, which form the major sample for HSBC's index survey.

China Federation of Logistics and Purchasing Vice-Chairman Cai Jin attributed the rebound in the services PMI mainly to robust business activity after the spring festival. "Rising activity, especially in the service sectors, laid a solid foundation for steady economic growth," Cai said.

The non-manufacturing PMI covers services including retail, aviation and software as well as the real estate and construction sectors.

But judging from the manufacturing sector, HSBC chief China economist Qu Hongbin said signs are becoming clear that "the risks to gross domestic product growth are tilting to the downside", which calls for policy fine-tuning measures to stabilize market expectations and steady the pace of growth in the coming quarters.

Hu Yuexiao, chief macroeconomic analyst with Shanghai Securities, said activities in the manufacturing sector may rebound in March as more small factories open after the holiday, but he ruled out the possibility of policy relaxation because, he said, the control of risk still has more priority than stabilizing growth.

Hu's view was echoed by Chen Guanglei, chief macroeconomic analyst with Hongyuan Securities. He said: "Considering the pressure of deleveraging in the country's financial sector, the policy stance will remain generally stringent in the short term."

Despite mixed prospects for the world's second-largest economy, the Shanghai Composite Index rose by nearly 1 percent on Monday, closing at 2,075.24. Chen said the capital markets are fully aware of the weak data and were therefore not affected much. "The market has reached a consensus for a mild economic slowdown," said Hu.

Yang Weixiao, a senior analyst with Lianxun Securities, said a recovery in China's manufacturing sector will have to rely on external demand from foreign markets. He suggested exports will expand in the coming months because of a recovery in developed markets and the weaker yuan.

The Chinese currency suffered its largest weekly fall in 20 years last week by losing a significant 0.9 percent. Yi Gang, the deputy governor of the central bank, the People's Bank of China, said the fluctuation was normal and the fundamentals of China's economic growth are good. But, at the moment, manufacturers are finding every way to cope.

"It is essential for companies to make use of their own advantages to minimize their costs," said Zhang Bin, general manager of a Shanghai-based manufacturer and exporter of steel products.

"Upgrading the product structure has also been a regular task for the company," Zhang said, adding the company would remove certain unpopular items from the shelves on a monthly basis. "Overseas demand is set to increase because most of the export manufacturers will resume operation of their production lines by mid-March. More orders are expected to come in then," said Jiang Kexing, the manager of a Zhejiang-based logistics company.

"We have been quite busy so far this year moving cargo within the country because local retailers are buying large amounts of goods to stock up for the first half of the year," said Jiang.

Contact the writers atweitian@chinadaily.com.cn and yuran@chinadaily.com.cn

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
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

    成年人网站91| 在线精品观看国产| 中文av一区特黄| 欧美不卡一区二区| 老司机午夜精品| 久久精品夜色噜噜亚洲aⅴ| 成人午夜视频免费看| 亚洲欧美日韩久久精品| 欧美日韩国产123区| 国产一区二区三区在线观看精品| 中文字幕av不卡| 欧美性三三影院| 久久国产精品免费| 国产精品美女www爽爽爽| 欧美在线影院一区二区| 免费看欧美女人艹b| 久久精品欧美一区二区三区不卡| 色综合久久中文综合久久牛| 午夜久久久久久电影| 欧美zozozo| av亚洲精华国产精华精华| 亚洲资源中文字幕| 欧美不卡一区二区三区四区| 99久久久久久| 日韩综合一区二区| 国产欧美日本一区二区三区| 日本高清不卡视频| 久久成人免费日本黄色| 亚洲视频1区2区| 日韩欧美另类在线| 91小视频免费看| 麻豆91精品视频| 亚洲欧洲成人av每日更新| 欧美日韩一区二区三区四区| 国产九色sp调教91| 亚洲制服丝袜av| 久久综合av免费| 在线观看国产日韩| 国产精品一品二品| 午夜在线成人av| 国产欧美一区二区精品秋霞影院| 欧美探花视频资源| 国产成人在线视频网址| 日韩在线观看一区二区| 丝袜美腿亚洲色图| av在线播放成人| 久久国产精品免费| 亚洲午夜久久久久中文字幕久| 久久蜜桃av一区二区天堂 | 欧美精品乱码久久久久久| 高清不卡一二三区| 日韩黄色免费网站| 亚洲美女屁股眼交| 国产欧美一区二区三区在线老狼| 欧美一区二区三区四区久久 | 欧美伊人精品成人久久综合97| 狠狠色狠狠色综合| 亚瑟在线精品视频| 日韩一区在线免费观看| 久久综合色8888| 欧美电影影音先锋| 色婷婷精品大视频在线蜜桃视频| 激情av综合网| 七七婷婷婷婷精品国产| 亚洲一级二级在线| 综合色中文字幕| 国产欧美日本一区二区三区| 日韩欧美一级精品久久| 欧美日韩一区二区电影| 91在线免费视频观看| 国产999精品久久久久久绿帽| 蜜臀99久久精品久久久久久软件| 亚洲一区在线视频| 自拍偷拍亚洲欧美日韩| 日本一区二区三区在线不卡| 精品国产伦一区二区三区免费| 欧美日韩精品一区二区| 色激情天天射综合网| 99天天综合性| 成人污污视频在线观看| 国产精品一区二区在线观看网站| 美女视频免费一区| 日韩av一二三| 五月天激情综合| 亚洲第一成人在线| 亚洲图片欧美色图| 一区二区三区高清不卡| 亚洲丝袜自拍清纯另类| 国产精品久久久久aaaa| 国产欧美日韩麻豆91| 国产人成亚洲第一网站在线播放| 久久免费的精品国产v∧| 久久亚洲春色中文字幕久久久| 欧美成人官网二区| 精品国产亚洲在线| 日韩美女视频在线| 精品国免费一区二区三区| 日韩女优电影在线观看| 欧美成人乱码一区二区三区| 日韩视频免费直播| 日韩精品一区国产麻豆| 欧美va亚洲va| 26uuu国产电影一区二区| 亚洲精品在线观| 久久蜜桃av一区精品变态类天堂| 久久久国产精华| 日本一区二区免费在线观看视频| 欧美国产精品中文字幕| 中文字幕一区二| 亚洲欧美日韩久久精品| 亚洲一区二区三区四区中文字幕| 亚洲午夜国产一区99re久久| 午夜欧美2019年伦理| 蜜臀av性久久久久蜜臀aⅴ四虎| 美女爽到高潮91| 国产毛片精品一区| 高清不卡在线观看| 色综合久久九月婷婷色综合| 欧美亚洲国产一区在线观看网站| 欧美日韩免费高清一区色橹橹| 91精品国产一区二区三区香蕉| 日韩精品一区二区三区蜜臀 | 欧美在线看片a免费观看| 欧美羞羞免费网站| 51久久夜色精品国产麻豆| 日韩欧美一区二区免费| 久久久久亚洲蜜桃| 国产精品国产三级国产专播品爱网| 亚洲人妖av一区二区| 亚洲成人免费在线观看| 免费成人在线观看视频| 国产精品88888| 91偷拍与自偷拍精品| 精品视频一区二区不卡| 日韩欧美三级在线| 国产精品久久久久一区| 亚洲综合一区二区精品导航| 日本午夜一区二区| 国产成人福利片| 色噜噜狠狠成人中文综合| 在线成人小视频| 久久精品人人做| 亚洲制服丝袜在线| 精一区二区三区| 99精品热视频| 91麻豆精品国产无毒不卡在线观看| 精品福利视频一区二区三区| 中文字幕一区日韩精品欧美| 亚洲一区二区偷拍精品| 久久99九九99精品| 99国产精品久久久| 91精品欧美福利在线观看| 国产片一区二区三区| 亚洲国产精品一区二区久久恐怖片| 久久精品99国产国产精| 91蜜桃网址入口| 精品日韩欧美在线| 亚洲另类在线制服丝袜| 久久er99热精品一区二区| 91在线观看免费视频| 日韩免费观看高清完整版| 亚洲精品乱码久久久久久久久 | 精品理论电影在线观看 | 亚洲aaa精品| 国产高清成人在线| 欧美午夜视频网站| 国产日韩精品久久久| 午夜精品一区在线观看| 丁香另类激情小说| 欧美一区二区三区在| 亚洲欧美一区二区三区久本道91| 久久99热99| 欧美色综合网站| 国产欧美一区二区精品性| 日韩黄色一级片| 91浏览器打开| 久久久久久久久久美女| 亚洲国产精品久久久久婷婷884 | 91精品国产一区二区三区香蕉| 国产精品成人一区二区艾草| 久久99久久精品| 欧美日韩高清一区二区| 国产精品激情偷乱一区二区∴| 美女高潮久久久| 欧美性色综合网| 国产精品美女久久久久高潮| 久久国产婷婷国产香蕉| 欧美中文字幕不卡| 国产精品久久一级| 九九视频精品免费| 91精品国产色综合久久 | 一区二区三区免费观看| 国产成人aaa| 欧美不卡123| 午夜精品一区二区三区电影天堂| 99国产精品久久久久久久久久| 久久精品水蜜桃av综合天堂| 欧美96一区二区免费视频| 欧美视频在线一区二区三区| 亚洲欧美在线视频|