Per­cent

China Daily (Latin America Weekly) - - 4 China -

The Chi­nese econ­omy is ex­pected to see sta­ble growth this year as in­di­ca­tors in the first quar­ter re­flect im­prove­ments in the eco­nomic struc­ture, ac­cord­ing to of­fi­cial data.

In the first three months, the na­tion’s of­fi­cial Pur­chas­ing Man­agers’ In­dex came in at 54.6, 52.9 and 54, re­spec­tively, ac­cord­ing to the Na­tional Bureau of Statis­tics. A read­ing above 50 in­di­cates ex­pan­sion, while a read­ing be­low 50 re­flects con­trac­tion.

As of the end of March, the of­fi­cial man­u­fac­tur­ing PMI, which mainly fo­cuses on the eco­nomic ac­tiv­i­ties of large com­pa­nies and State-owned en­ter­prises, had stayed within ex­pan­sion ter­ri­tory for 20 con­sec­u­tive months, and the ser­vices PMI held out above 54 for seven con­sec­u­tive months, the NBS said on Sun­day.

The in­dus­trial struc­ture has been im­prov­ing, with the non­man­u­fac­tur­ing sec­tor grow­ing faster than that of the man­u­fac­tur­ing sec­tor in Year-on-year growth of elec­tri­cal con­sump­tion dur­ing the Jan­uary-Fe­bru­ary pe­riod March, the NBS said on Sun­day.

Re­cent eco­nomic ac­tiv­i­ties re­flected an im­prov­ing trend, and eco­nomic con­di­tions re­mained fa­vor­able to sup­port fur­ther high-qual­ity growth, ac­cord­ing to the NBS.

A stronger eco­nomic out­look is con­sis­tent with higher de­mand for power con­sump­tion, data from the na­tion’s top eco­nomic reg­u­la­tor showed. Dur­ing the Jan­uary-Fe­bru­ary pe­riod, China’s elec­tri­cal con­sump­tion grew by 13.3 per­cent year-on-year to 1.06 tril­lion kilo­watt-hours, the Na­tional De­vel­op­ment and Re­form Com­mis­sion said on Sun­day.

The power con­sump­tion growth of emerg­ing in­dus­tries, such as com­mu­ni­ca­tions and elec­tronic equip­ment manu-

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