. Earth Science News .
TRADE WARS
China factory activity edges up in November as power shortage eases
by AFP Staff Writers
Beijing (AFP) Nov 30, 2021

Manufacturing activity in China edged up in November on the back of an easing in power shortages and a drop in some raw material costs, official data showed Tuesday.

The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing activity -- in the world's second-biggest economy rose to 50.1, returning above the 50-point mark separating growth from contraction after two months.

The latest data from the National Bureau of Statistics was also better than a 49.7 reading expected by a Bloomberg poll of analysts.

"A series of recent policy measures to strengthen the guarantee of energy supplies and stabilise market prices has shown results," said NBS senior statistician Zhao Qinghe in a statement.

He added that a "tightness" in power supplies eased this month, allowing manufacturing capacity to pick up, while prices of some raw materials "dropped significantly" as well.

With a recovery in the global economy and the approaching Christmas season, foreign trade has also continued to improve, Zhao said.

China's non-manufacturing PMI, however, dropped slightly to 52.3 -- down from a 52.4 reading in October -- as the country grappled with fresh domestic coronavirus outbreaks.

Analysts had predicted slowing growth after the recent flare-up of cases in late October, which spread to 21 provinces and prompted sweeping travel restrictions and closures.

Capital Economics said in a report Monday that the new Omicron variant of the virus would test China's strict zero-Covid strategy, adding that if this proved harder to contain than the Delta variant, it "would expect officials to tighten containment measures", disrupting services further.

One analyst suggested a cautious reading of the latest PMI data.

"We don't think the rebound... implies a turnaround of the manufacturing sector," Lu Ting, chief China economist at Nomura, told AFP.

He added that factory activity is likely to drop again in December "as the Chinese government starts restricting output in high-polluting sectors to ensure a blue sky for the upcoming Winter Olympics".

The Beijing Winter Olympics are scheduled to begin on February 4.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Asian markets fall again but Europe, crude rebound from virus rout
Hong Kong (AFP) Nov 29, 2021
Asian markets fell again Monday after last week's painful rout fuelled by news of the Omicron virus strain but European stocks and oil rebounded strongly as investors try to assess its threat to the global economic recovery. Equities around the world went into freefall Friday on news of the heavily mutated variant, which some fear could evade vaccines, as it forced several governments to throw up flight bans from southern Africa where it was discovered and introduced fresh containment measures. ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



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

TRADE WARS
Iraq sends extra planes to Belarus to repatriate migrants

After Channel boat disaster, Iraqi families fear worst

Tunisian navy 'rescues' almost 500 migrants: ministry

Iraq sends planes to Belarus to collect over 600 migrants

TRADE WARS
Researchers team up to get a clearer picture of molten salts

Reshaping the plastic lifecycle into a circle

Major Swedish initiative in new materials for a sustainable future

Eagle professor's space debris removal device receives patent

TRADE WARS
What next for riot-hit Solomon Islands?

Why rioters are burning and looting in the Solomon Islands

France ordered to pay compensation for anti-dam protester's death

Fishing nations agree better protection for mako shark

TRADE WARS
Rare hunting scene raises questions over polar bear diet

Greenland revokes Chinese firm's iron mining permit

Arctic Ocean started to warm decades earlier than scientists thought

Antarctic ice-sheet destabilized within a decade

TRADE WARS
Croatia's truffle hunters seek habitat protection amid climate change

Turn a global warming liability into a profitable food security solution

EU parliament greenlights farm subsidy plan

Countries must brace for future food 'shocks': FAO

TRADE WARS
Flood-ravaged western Canada braces for more rain

7.5-magnitude earthquake shakes north Peru

Peru quake injures 12, leaves more than 2,400 homeless

Flood damage exposes Kinshasa's unbridled urbanisation

TRADE WARS
Senegalese FM urges Chinese involvement in Sahel

Two Chinese among four dead in DR Congo gold mine attack

DR Congo to allow Uganda to pursue rebels on its territory

Israeli defence minister leaves Morocco after singing security deal

TRADE WARS
Ancient human relative, Australopithecus sediba, 'walked like a human, but climbed like an ape'

Taking it easy as you get older could be the wrong move

Prehistoric mums may have cared for kids better than we thought

The brain uses bodily signals to regulate fear









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.