To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
The continued expansion of the manufacturing sector shows that China’s economy is stabilizing
China’s manufacturing sector continued to expand on January 1, a relatively new report that caught the attention of foreign media, which regarded it as another trend of China’s economic stabilization.
China’s manufacturing PMI came in at 51.4% in December, down 0.3 percentage points from the previous month, but still the second-highest level of the year and 1.1 percentage points higher than the full-year level, according to data released by the China federation of logistics and purchasing and the service sector survey center of the national bureau of statistics on Monday.
Analysts believe that the PMI index declined slightly in December 2016, but remained above the line of expansion and contraction, indicating a clear trend of steady economic growth.
Foreign media, including Reuters and CNBC, reported that manufacturing continued to expand, indicating the world’s second-largest economy was stabilizing, xinhua reported.
Over the past few years, the report said, China’s economy has cooled as it has moved from an over-reliance on exports and investment to a more consumption-driven economy.
At the same time, the Chinese government has taken corresponding measures to promote public infrastructure construction projects and support manufacturing and economic development.
Recent Posts
Industrial Aluminum: High-quality Materials Help the Development of Modern Manufacturing
April 8, 2024The Rise of China as a Global Aluminum Supplier: YK Aluminum, Its Key Players, Industry Insights, and Product Range
March 26, 2024YK Aluminum: Forging a Legacy of Excellence in the Aluminum Industry as the World’s Leading Company
January 31, 2024Archives