News Search
Home | Profiles | Dictionary | TV Channels | Pictures
Home News TV Channels Weather Live Cricket Videos Photos Results Naats
Home Latest News International News Pakistan News Sports News Art & Entertainment Science & Tech Business News
Mobile operators demand tax relaxation     Guterres lauds Pakistan's role at UN     Pakistan Nursing Council withdraws veil ban     Delta apologizes for 'booting' passenger off flight     India launching 'South Asian satellite', Pakistan says no thanks     US lawmakers, Sikhs hail FIBA decision to lift ban on headgear     Trump's religious freedom order may give opponents an unintended boost     Trump's visit to enhance cooperation in fighting extremism: Saudi Arabia     Student arrested for crawling into duct to steal an exam in Kentucky     Afghan forces' cross-border shelling leaves 1 dead, 18 injured: ISPR     
Home >> News >> The Nation

   
Business News
China says factory activity expands at slower pace in April [The Nation] 01 May, 2017

BEIJING -  China's factory activity continued to expand in April, albeit at a slower-than-expected pace, official data showed Sunday, adding to signs of stabilisation in the world's second largest economy.

The purchasing manager's index (PMI), which gauges conditions at factories and mines, stood at 51.2 in April, the National Bureau of Statistics (NBS) said, down from a near five-year high of 51.8 in March.

Analysts surveyed by Bloomberg had expected a reading of 51.7 for April.

A figure above 50 indicates growth in the sector, which is a key driver of the Chinese economy, while anything below points to contraction.

"Although the PMI has dropped slightly, we can also see the steady accumulation of positive factors," NBS analyst Zhao Qinghe said in a statement.

Zhao pointed to increased production of consumer goods and improvements in small business activity as good indicators for the economy. Analysts predicted a softening growth momentum in this year's second quarter.

"The still-high output and new orders sub-indices suggest growth momentum likely remained resilient in April, albeit slower than in a strong March," Zhao Yang of Nomura said in a note.

"Looking ahead, we see downside pressures looming and maintain our call for a shallow slowdown through the course of this year."

Betty Wang of ANZ Research wrote in a note that the April data "suggests that China's manufacturing activity might have retreated from its peak" in the first quarter.

An acceleration in China's GDP growth in the first three months of 2017 as well as a rebound in retail spending and robust trade data have eased concerns about the strength of the Asian giant's economy following last year's slowdown.

Beijing has said it wants to reorient the economy away from relying on debt-fuelled investment and towards a consumer-driven model, but the transition has proven challenging, leading to slower growth readings in recent years.

 


    
 
More News
 Meltdown on PSX; index plunges 991 points
[Dawn News] 31 Jan, 2017
 Global growth will be disappointing in 2016
[Geo TV] 30 Dec, 2015
 
[SamaaTV] 18 Dec, 2015
 Mideast oil powers Saudi Arabia, UAE to cut gasoline imports
[ARY News] 16 Jun, 2015
Post Your Comments
Type your Comments / Review in the space below.
Name: Email:(Will not be shown) City:
Enter The Code:

Urdu News
a
Pictures Gallery
Cleaning The Kaaba Area - One Of The Best Jobs In The World Cleaning The Kaaba Area - One Of The Best Jobs In The World
Kallar Kahar beautiful Motorway road view, Pakistan Kallar Kahar beautiful Motorway road view, Pakistan
Samzu Water Park Pictures Ticket Price 2015 & Location in Karachi Samzu Water Park Pictures Ticket Price 2015 & Location in Karachi
View all Pictures

 
Home | About Us | Contact Us |  Profiles |  Privacy Policy & Disclaimer | What is Meta News?
Top Searches: Jang News Cricinfo Express Tribune,  , SSC Part 1 Results 2016   Dunya News Bol News Live Samaa News Live Metro 1 News Waqt News Hum TV PTV Sports Live KTN News
Disclaimer: Urduwire.com is only the source of Urdu Meta News (type of Google News) and display news on "as it is" based from leading Urdu news web based sources. If you are a general user or webmaster, and want to know how it works? Please read more!

UrduWire.com - First ever Urdu Meta News portal