Subscribe free to our newsletters via your
. Space Industry and Business News .




POLITICAL ECONOMY
China manufacturing slows in April
by Staff Writers
Beijing (AFP) May 1, 2013


Manufacturing activity in China slowed slightly in April from the previous month, official data showed on Wednesday, in a sign of further weakness in the world's second-biggest economy.

The purchasing managers' index (PMI) dropped to 50.6 in April, down from 50.9 the month before, according to the National Bureau of Statistics and the China Federation of Logistics and Purchasing (CFLP).

The PMI is a widely watched indicator of the health of the Chinese economy, with a reading above 50 indicating expansion while anything below that points to contraction.

The April figure marked the seventh consecutive month of expanding manufacturing activity in the country, but was down slightly from a nearly one-year high the month before.

"The April PMI index fell slightly, indicating that the foundation for economic stabilisation is still not solidified," analyst Zhang Liqun said in a CFLP statement.

"A slight slowdown in economic growth is possible," he said, adding that "effort should be made to stabilise domestic consumption, and increase the sustainability of the stabilisation of the economy".

British bank HSBC, whose survey focuses more on smaller enterprises, said last week that its preliminary PMI for April stood at 50.5, also down from a final reading of 51.6 in March.

The preliminary result came in lower on the back of decreasing new export orders and employment, according to the bank.

Its final reading for April will be announced on May 2.

China's economy expanded 7.8 percent in 2012, its slowest pace for 13 years, in the face of weakness at home and in key overseas markets.

Analysts had hoped the Chinese economy would rebound this year and drive growth globally after expansion of 7.9 percent in the last three months of 2012, snapping seven straight quarters of slowing expansion.

But the government in mid-April announced a surprisingly weak economic growth rate of 7.7 percent for the first quarter, below market expectations and fuelling fears the recent pick-up is faltering.

The International Monetary Fund last month lowered its forecast for China's growth this year to 8.0 percent, while Beijing in March kept its growth target for 2013 at 7.5 percent, unchanged from last year.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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








POLITICAL ECONOMY
Walker's World: Merkel almost alone
Paris (UPI) Apr 29, 2013
A consensus is gathering pace in Europe against the controversial and painful austerity policies that are being driven by German Chancellor Angela Merkel. Even one of her own "wise men" economic advisers has joined European Commission President Jose-Maria Barroso and the leaders of Spain, France and Italy who are calling for some growth-friendly policies since the austerity is showing f ... read more


POLITICAL ECONOMY
NASA, Air Force Seek Next Generation Space Processor Program

The Day NASA's Fermi Dodged a 1.5-ton Bullet

Snap-proof space tether

NASA, Partners Solicit Creative Materials Manufacturing Solutions

POLITICAL ECONOMY
DARPA Seeks Clean-Slate Ideas For Mobile Ad Hoc Networks

Astrium's secure milsatcoms now cover the world

Gilat to Equip IDF with SatTrooper-1000 Military Manpack

General Dynamics' WIN-T Increment 2, Soldiers' "On-the-Move" Network, Advances as 10th Mountain Division Trains for Deployment

POLITICAL ECONOMY
O3b Networks' first four satellites arrive for the next Arianespace Soyuz launch

On the record with... Stephane Israel, Arianespace Chairman and CEO

Vega's three-satellite payload is integrated and ready for launch

NASA Seeks Innovative Suborbital Flight Technology Proposals

POLITICAL ECONOMY
Northrop Grumman to Demonstrate Open Architecture Navigation System for DARPA

US army seeks new technology to replace GPS

Russia Launches New GLONASS-M Satellite

Russia launches latest satellite in its global positioning system

POLITICAL ECONOMY
Australia unveils its F-35 JSF 'Iron Bird'

China welcomes French president with Airbus deal

Multifunction Advanced Data Link Flight Tested For F-35 Program

Brazil drops plan to build AgustaWestland helicopter

POLITICAL ECONOMY
High performance semiconductor spray paint could be a game changer for organic electronics

New Research Findings Open Door to Zinc-Oxide-based UV Lasers, LED Devices

New Nanowire Structure Has Potential to Increase Semiconductor Applications

Scientists provide 'new spin' on emerging quantum technologies

POLITICAL ECONOMY
World's major development banks look closer at Earth observation

China Successfully Sends First Gaofen Satellite Into Space

China launches high-definition earth observation satellite

Japan's Mt Fuji to get World Heritage stamp: officials

POLITICAL ECONOMY
Researchers pinpoint how trees play role in smog production

Research Harnesses Solar-Powered Proteins to Filter Harmful Antibiotics from Water

European lawmakers tighten rules on ship-breaking industry

Albania to hold referendum on waste imports




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement