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China's manufacturing activity expands for 7th month

Source: Xinhua 2017-03-01 10:41:48

Workers work in a factory of Jinglong Industry and Commerce Group in Xingtai, north China's Hebei Province, Jan. 25, 2017. China's manufacturing purchasing managers' index (PMI) came in at 51.3 in January, 0.1 percentage points lower than that recorded in December, according to data released Wednesday by the National Bureau of Statistics (NBS). (Xinhua/Mu Yu)

BEIJING, March 1 (Xinhua) -- China's manufacturing sector expanded for the seventh month in a row, adding evidence that the world's second largest economy is stabilizing amid uncertain global outlook.

The country's manufacturing purchasing managers' index (PMI) came in at 51.6 percent in February, 0.3 percentage points higher than that recorded in January, according to data released Wednesday by the National Bureau of Statistics (NBS).

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

NBS statistician Zhao Qinghe said February's reading remained above 51 percent for five months in a row and pointed to steady expansion of the manufacturing sector.

The sub-index for production was 53.7 percent, 0.6 percentage points higher than that recorded in January.

The sub-index for new orders was up 0.2 percentage points to 53 percent.

Zhao attributed the acceleration of production and new orders to the recovery in market demand and robust production activities.

In addition, the sub-index for equipment manufacturing sector expanded to a three-year high of 53.3 percent, 1.7 percentage points higher than the overall manufacturing industry.

Related:

Caixin manufacturing PMI rises to 51.7

BEIJING, March 1 (Xinhua) -- Expansion in China's manufacturing activity gained momentum in February as producers revved up output to meet an increase in new orders that were mainly bolstered by rapidly growing foreign demand, an industry survey sponsored by Caixin showed Wednesday.

The Caixin China General Manufacturing Purchasing Managers' Index (PMI) rose to 51.7 last month from 51.0 in January. The February reading tied with that recorded in July 2014 as the second-strongest in more than four years. Full story

China moves to boost foreign investment in manufacturing

BEIJING, Feb. 15 (Xinhua) -- China's top economic planner Wednesday pledged to take measures to attract more foreign investment to the country's manufacturing sector.

China will specify policies that will grant foreign investors the same treatment with domestic companies regarding the delivery of the "Made in China 2025" plan, according to the National Development and Reform Commission. Full story

 
China's manufacturing activity expands for 7th month
                 Source: Xinhua | 2017-03-01 10:41:48 | Editor: huaxia

Workers work in a factory of Jinglong Industry and Commerce Group in Xingtai, north China's Hebei Province, Jan. 25, 2017. China's manufacturing purchasing managers' index (PMI) came in at 51.3 in January, 0.1 percentage points lower than that recorded in December, according to data released Wednesday by the National Bureau of Statistics (NBS). (Xinhua/Mu Yu)

BEIJING, March 1 (Xinhua) -- China's manufacturing sector expanded for the seventh month in a row, adding evidence that the world's second largest economy is stabilizing amid uncertain global outlook.

The country's manufacturing purchasing managers' index (PMI) came in at 51.6 percent in February, 0.3 percentage points higher than that recorded in January, according to data released Wednesday by the National Bureau of Statistics (NBS).

A reading above 50 indicates expansion, while a reading below 50 reflects contraction.

NBS statistician Zhao Qinghe said February's reading remained above 51 percent for five months in a row and pointed to steady expansion of the manufacturing sector.

The sub-index for production was 53.7 percent, 0.6 percentage points higher than that recorded in January.

The sub-index for new orders was up 0.2 percentage points to 53 percent.

Zhao attributed the acceleration of production and new orders to the recovery in market demand and robust production activities.

In addition, the sub-index for equipment manufacturing sector expanded to a three-year high of 53.3 percent, 1.7 percentage points higher than the overall manufacturing industry.

Related:

Caixin manufacturing PMI rises to 51.7

BEIJING, March 1 (Xinhua) -- Expansion in China's manufacturing activity gained momentum in February as producers revved up output to meet an increase in new orders that were mainly bolstered by rapidly growing foreign demand, an industry survey sponsored by Caixin showed Wednesday.

The Caixin China General Manufacturing Purchasing Managers' Index (PMI) rose to 51.7 last month from 51.0 in January. The February reading tied with that recorded in July 2014 as the second-strongest in more than four years. Full story

China moves to boost foreign investment in manufacturing

BEIJING, Feb. 15 (Xinhua) -- China's top economic planner Wednesday pledged to take measures to attract more foreign investment to the country's manufacturing sector.

China will specify policies that will grant foreign investors the same treatment with domestic companies regarding the delivery of the "Made in China 2025" plan, according to the National Development and Reform Commission. Full story

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