Man­u­fac­tur­ing PMI un­changed at 51

China Daily (Canada) - - BUSINESS -

China’s man­u­fac­tur­ing ac­tiv­i­ties con­tin­ued to ex­pand in a sta­ble man­ner, ac­cord­ing to the Caixin China Pur­chas­ing Man­agers’ In­dex for man­u­fac­tur­ing sec­tors, re­leased on Wed­nes­day. The reading was 51 in Oc­to­ber, un­changed from Septem­ber. It has been above 50 for five con­sec­u­tive months. A reading above 50 in­di­cates ex­pan­sion while a fig­ure be­low that in­di­cates con­trac­tion. It shows that China’s man­u­fac­tur­ing in­dus­tries ex­panded in a sta­ble man­ner dur­ing Oc­to­ber, but the coun­try’s strict pro­duc­tion re­duc­tion mea­sures aimed at en­vi­ron­men­tal pro­tec­tion and low cor­po­rate stock lev­els may af­fect pro­duc­tion in the com­ing months, said Zhong Zheng­sheng, chief econ­o­mist of Caixin In­sight Group, which com­piled the in­dex. China’s in­dus­trial out­put growth may slow in Oc­to­ber and in­vest­ment growth may also be af­fected by the re­stric­tive prop­erty mar­ket mea­sures, Zhong said. en­ables faster and eas­ier cargo clear­ance, as com­pa­nies need not deal with mul­ti­ple agen­cies. They only sub­mit doc­u­ments at a sin­gle lo­ca­tion. Xiao Wen­jun, deputy di­rec­tor of the Chongqing port, said 39 types of ser­vices are avail­able via the sin­glewin­dow sys­tem in the city. Nine of the ser­vices are re­quired for all ports na­tion­wide, and oth­ers are lo­cal to help com­pa­nies fol­low lo­gis­tics data, check com­pany cred­i­bil­ity and make in­ter­na­tional on­line set­tle­ments.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.