Space Industry and Business News  
TRADE WARS
China factory activity up after four-month slide
by Staff Writers
Beijing (AFP) March 31, 2019

China's manufacturing sector ended its four-month downward trend in March, official data showed Sunday, but exports continued their long slide in the wake of the Washington-Beijing trade war.

The official Purchasing Managers' Index, a measure of factory activity, rose to 50.5 in March from the previous month's contraction and three-year low of 49.2.

The growth was likely driven by seasonal factors as factories ramped up production after February's Lunar New Year holidays.

Some steel mills and coal power plants also increased output as winter smog restrictions end.

Factory output also grew at its fastest pace in six months in March, China's National Bureau of Statistics reported, but export orders shrank for the 10th straight month amid slowing global growth and as collateral damage in the trade spat the United States.

Over the last eight months, Washington and Beijing have slapped tariffs on more than $360 billion in two-way goods trade, weighing on the manufacturing sectors in both countries.

US and Chinese negotiators wrapped up trade talks in Beijing on Friday ahead of another round next week, when China's economic tsar Liu He will head to Washington to continue discussions on a possible deal.

China has announced a raft of stimulus measures to cushion the impact from it's cooling economy.

Earlier this month, Premier Li Keqiang announced more spending on roads, railways and other big-ticket infrastructure projects, along with tax cuts worth 2 trillion yuan ($297.27 billion) to ease pressure on companies and spur employment.

China announced a lower growth target of 6.0 to 6.5 percent this year, down from 6.6 percent growth in 2018.

prw/gle

TOTAL


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
China banks post profits but warn of instability
Beijing (AFP) March 30, 2019
Chinese banks have posted profits for 2018 but warned that domestic and global uncertainties could put downward pressure on the sector in the coming year. Bank of China (BOC) posted a profit of 192.44 billion yuan ($28.67 billion), up four percent from the previous year, which the company credited to a stable economy and "prudent monetary policy" from the Chinese government. But the sector "will face a complicated operating environment in 2019", BOC said in its annual report filed to the Hong Ko ... 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
Adhesive formed from bee spit and flower oil could form basis of new glues

Investigations with neutrons settle scientific dispute about the structure of solid fluorine

Vapor drives a liquid-solid transition in a molecular system

Rapid magnetic 3D printing of human cells

TRADE WARS
United Launch Alliance launches WGS-10 satellite for USAF

United Launch Alliance set to launch WGS-10 for US Air Force

Raytheon awarded $406M for Army aircraft radio system

Lockheed Martin to develop cyber electronic warfare pod for UAVs

TRADE WARS
TRADE WARS
GPS 3 space vehicle 02 "Magellan" arrives in Florida; prepares for July launch

Russia plans to launch Glonass-M satellite in mid-May

Earliest known Mariner's Astrolabe published in Guinness Book of Records

Frequency Electronics to qualify atomic clocks for potential use on GPS 3F Satellites

TRADE WARS
China airlines post mixed results, warn of headwinds

Cathay Pacific to buy budget airline HK Express for $628 mn

Study examines commercial hybrid-electric aircraft, reduced carbon emissions

China buys hundreds of Airbus jets: Macron calls for 'strong Euro-China partnership'

TRADE WARS
Extremely accurate measurements of atom states for quantum computing

Metal nanoclusters can be used as semiconductors: Key properties observed for first time

Computer scientists create reprogrammable molecular computing system

Researchers measure near-perfect performance in low-cost semiconductors

TRADE WARS
Experts reveal that clouds have moderated warming triggered by climate change

Free satellite data available to help tackle public sector challenges

Two Chinese Earth observation satellites put into service

Land-cover dynamics unveiled

TRADE WARS
Women decision makers are good for the environment, study finds

'Can't be called water': Brazil marks two months since dam disaster

Plastic microparticles threaten unique Galapagos fauna

A tale of two Delhis: Deadly air exposes rich poor divide









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.