Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Earth Science News .




POLITICAL ECONOMY
China manufacturing slows in April
by Staff Writers
Beijing (AFP) May 1, 2013


Manufacturing activity in China slowed slightly in April from the previous month, official data showed on Wednesday, in a sign of further weakness in the world's second-biggest economy.

The purchasing managers' index (PMI) dropped to 50.6 in April, down from 50.9 the month before, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP).

The PMI is a widely watched indicator of the health of the Chinese economy, with a reading above 50 indicating expansion while anything below that points to contraction.

The April figure marked the seventh consecutive month of expanding manufacturing activity in the country, but was down slightly from a nearly one-year high the month before.

"The April PMI index fell slightly, indicating that the foundation for economic stabilisation is still not solidified," analyst Zhang Liqun said in a CFLP statement.

"A slight slowdown in economic growth is possible," he said, adding that "effort should be made to stabilise domestic consumption, and increase the sustainability of the stabilisation of the economy".

British bank HSBC, whose survey focuses more on smaller enterprises, said last week that its preliminary PMI for April stood at 50.5, also down from a final reading of 51.6 in March.

The preliminary result came in lower on the back of decreasing new export orders and employment, according to the bank.

Its final reading for April will be announced on May 2.

China's economy expanded 7.8 percent in 2012, its slowest pace for 13 years, in the face of weakness at home and in key overseas markets.

Analysts had hoped the Chinese economy would rebound this year and drive growth globally after expansion of 7.9 percent in the last three months of 2012, snapping seven straight quarters of slowing expansion.

But the government in mid-April announced a surprisingly weak economic growth rate of 7.7 percent for the first quarter, below market expectations and fuelling fears the recent pick-up is faltering.

The International Monetary Fund last month lowered its forecast for China's growth this year to 8.0 percent, while Beijing in March kept its growth target for 2013 at 7.5 percent, unchanged from last year.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





POLITICAL ECONOMY
Walker's World: Merkel almost alone
Paris (UPI) Apr 29, 2013
A consensus is gathering pace in Europe against the controversial and painful austerity policies that are being driven by German Chancellor Angela Merkel. Even one of her own "wise men" economic advisers has joined European Commission President Jose-Maria Barroso and the leaders of Spain, France and Italy who are calling for some growth-friendly policies since the austerity is showing f ... read more


POLITICAL ECONOMY
Hong Kong ferry disaster report finds 'litany of errors'

Ukraine marks Chernobyl disaster amid efforts to secure reactor

U.S. lawyer defends Australian asylum seekers

Landslide kills 14 in Ecuador

POLITICAL ECONOMY
NASA, Air Force Seek Next Generation Space Processor Program

The Day NASA's Fermi Dodged a 1.5-ton Bullet

Snap-proof space tether

NASA, Partners Solicit Creative Materials Manufacturing Solutions

POLITICAL ECONOMY
Greece water company receives privatisation bids

Scientists to replenish lobster population with help from wind farm

Sea Surface Temperatures Reach Highest Level in 150 Years on Northeast Continental Shelf

The Asian Monsoon is Getting Predictable

POLITICAL ECONOMY
Discovered: A mammal and bug food co-op in the High Arctic

EU spars with Canada, Norway at WTO over seal ban

EU court maintains seal fur ban

Sea stalactites provide clues to origin of life

POLITICAL ECONOMY
Electron-beam pasteurization of raw oysters may reduce viral food poisoning

Fertilizers provide mixed benefits to soil in 50-year Kansas study

Study: Traditional ranching helps, not hurts, African ecosystems

North Atlantic seaweed is safe to eat

POLITICAL ECONOMY
Flash floods in Saudi kill 16: civil defence

Earthquake rattles buildings in northern India

Two dead as quake shakes northern India

Study: Unexpected volcano activity can still be useful prediction tool

POLITICAL ECONOMY
Questions in S.Africa after Zuma's rich friends use military base

S.Africa army death toll in Central Africa rises to 14

Sudan state declared rebel 'target' as aviation warned

Bouteflika stroke triggers Algerian crisis

POLITICAL ECONOMY
CNIO researchers 'capture' the replication of the human genome for the first time

For ancient Maya, a hodgepodge of cultural exchanges

Genetic circuit allows both individual freedom, collective good

As people live longer and reproduce less, natural selection keeps up




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement