//
you're reading...
China Daily Mail


China News

China‘s manufacturing sector showed fresh signs of bottoming out in April, with export orders ticking up, but activity still contracted for a sixth consecutive month, according to a private sector survey on Wednesday.

“The seasonal rebound this year was much weaker than that in the past, suggesting growth momentum remains soft,” Barclay’s Capital analyst Yiping Huang said in a note to clients.

The HSBC China Purchasing Managers’ Index, geared to smaller firms, improved to 49.3 in April from 48.3 in March, but remained below the threshold of 50 that divides expansion from contraction. It was slightly better than a preliminary estimate of 49.1 in late April.

The weaker reading from the HSBC index contrasted with strong official PMI numbers released on Tuesday, highlighting the continued divergence between China’s larger, predominantly state-owned enterprises and smaller, private firms which are struggling to get credit.

Still, it showed that the rate…

View original post 587 more words

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

writer@craighill.net

Join 1,664 other followers

An archive of all my old posts

Follow me on Twitter

  • RT @AustDems: "On nearly every economic indicator of wellbeing, Australians have gone backwards in the past six years of the Coalition gove… 5 hours ago
  • RT @AustDems: "We say artists who practise their art and develop their skills, are already fulfilling their mutual obligations and should b… 5 hours ago
  • RT @AustDems: "But after 25 years of governments pretending they couldn’t “afford” to increase unemployment payments, Australians have now… 8 hours ago
  • It makes no difference if he is in hiding or not - he never answers questions anyway. twitter.com/SandraEckersle… 22 hours ago
  • RT @sirisgonerogue: My sister had a doll that was just like Scott Morrison. You pulled a cord and it said the same shit every time. 22 hours ago

I also have a news site about China:

%d bloggers like this: