Man­u­fac­tur­ing suf­fers from weak de­mand

China Daily (Canada) - - NEWSCAPSULE -

China’s econ­omy slowed in the first quar­ter as the man­u­fac­tur­ing sec­tor showed weak de­mand, lat­est fig­ures re­vealed.

The Pur­chas­ing Man­agers’ In­dex in March was its low­est in nine years, and an­a­lysts said pol­i­cy­mak­ers need to sta­bi­lize growth be­cause many eco­nomic fig­ures re­leased so far this year — in­clud­ing in­dus­trial pro­duc­tion, fixed-as­set in­vest­ment and hous­ing sales for the first two months — were all weaker than fore­cast.

The man­u­fac­tur­ing PMI in March climbed to 50.3 from 50.2 in Fe­bru­ary, mark­ing the first in­crease since Novem­ber, ac­cord­ing to data re­leased by the Na­tional Bureau of Sta­tis­tics and the China Fed­er­a­tion of Lo­gis­tics and Pur­chas­ing. It was the low­est March fig­ure in nine years.

A read­ing above 50 in­di­cates ex­pan­sion. (Photo 5)

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