Man­u­fac­tur­ing growth slower in Septem­ber

China Daily (Latin America Weekly) - - Front Page - By MA SI masi@chi­nadaily.com.cn

China’s man­u­fac­tur­ing man­u­fac­tur­ing sec­tor ex­panded ex­panded at a slower at a slower pace pace in Septem­ber, in Septem­ber, partly due partly to due weak­ened to weak­ened ex­port ex­port per­for­mance, per­for- of­fi­cial mance, data offi showed cial data on showed Sun­day. on Sun­day.

The coun­try’s man­u­fac­tur­ing man­u­fac­tur­ing pur­chas­ing pur­chas­ing man­agers man­agers in­dex in­dex came came in at in 50.8 at 50.8 in Septem­ber, in nar­row­ing nar­row­ing from from 51.3 51.3 in Au­gust, in Au­gust, ac­cord­ing ac­cord­ing to the to Na­tional the Na­tional Bu­reau of Bu­reau Sta­tis­tics. of Sta­tis­tics. De­spite a slow­down in growth, De­spite this a is slow­down the 26th con­sec­u­tive in growth, month this is that the the 26th of­fi­cial con­sec­u­tive man­u­fac­tur­ing month that PMI the offi stayed cial above man­u­fac­tur­ing 50. A read­ing PMI stayed above 50 above in­di­cates 50. A ex­pan­sion read­ing above while a 50 read­ing in­di­cates be­low ex­pan­sion re­flects con­trac­tion. while a read­ing be­low re­flects “Pro­duc­tion con­trac­tion. con­tin­ued to ex­pand, “Pro­duc­tion while mar­ket con­tin­ued de­mand to re­mained ex­pand, gen­er­ally while mar­ket sta­ble,” de­mand said NBS re­mained se­nior statis­ti­cian gen­er­ally sta­ble,” Zhao Qinghe. said NBS se­nior statis­ti­cian The subindex Zhao Qinghe. for pro­duc­tion The edged subindex down from for pro­duc­tion 53.3 in Au­gust edged to 53 down in Septem­ber, from 53.3 in while Au­gust the subindex to 53 in Septem­ber, for new or­ders while dipped the subindex from 52.2 for in new Au­gust or­ders to 52 in dipped Septem­ber. from 52.2 Sun­day’s in Au­gust data came to as 52 China in Septem­ber. works to up­grade its sprawl­ing Sun­day’s man­u­fac­tur­ing data came sec­tor as China in the works face of to on­go­ing up­grade China-US its sprawl­ing trade ten­sions. man­u­fac­tur­ing sec­tor “Though in the the face growth of on­go­ing of China-US man­u­fac­tur­ing trade ten­sions. ac­tiv­ity slowed, “Though China’s the eco­nomic growth fun­da­men­tals of man­u­fac­tur­ing re­main healthy. The ac­tiv­ity fact slowed, that man­u­fac­tur­ing China’s eco­nomic has been fun­da­men­tals ex­pand­ing for re­main more than healthy. two The years fact un­der­lines that man­u­fac­tur­ing the re­silience of has China’s been in­dus­trial ex­pand­ing sec­tor for in more chal­leng­ing than two times,” years said un­der­lines Qu Xian­ming the re­silience of the of Na­tional China’s in­dus­trial Man­u­fac­tur­ing sec­tor in Strat­egy chal­leng­ing Ad­vi­sory times,” Com­mit­tee said Qu think Xian­ming tank. of the Na­tional Man­u­fac­tur­ing As com­pa­nies scram­ble Strat­egy to re­al­ize Ad­vi­sory Com­mit­tee in­no­va­tion-driven think ex­pan­sion tank. and em­brace au­to­ma­tion As com­pa­nies and dig­i­tal scram­ble tech­nolo­gies to re­al­ize to im­prove in­no­va­tion- plants driven and man­age­ment, ex­pan­sion they and will em­brace be in a bet­ter au­to­ma­tion po­si­tion and to han­dle dig­i­tal risks, tech­nolo­gies Qu said, adding to im­prove that there plants is no and need man­age­ment, to worry about they China’s will be in econ­omy. a bet­ter po­si­tion to han­dle The NBS risks, data Qu show said, adding that large that scale there com­pa­nies is no main­tained need to worry sound about mo­men­tum China’s in Septem­ber, econ­omy. with their PMI in­dex The stand­ing NBS data at show 52.1, that the same large level scale as com­pa­nies last month. main­tained Ac­cord­ing sound to mo­men­tum Qu, more in ef­fort Septem­ber, is needed with to help their small PMI and in­dex medium-sized stand­ing at en­ter­prises 52.1, the same level as last month.

Ac­cord­ing to Qu, more ef­fort is needed to help small and medium-sized en­ter­prises

deal with the pos­si­bil­ity of slower or­ders by boost­ing pro­duc­tiv­ity.

In Septem­ber, China’s non­man­u­fac­tur­ing sec­tor ex­panded at a faster pace, with the PMI for the sec­tor hit­ting 54.9, up from 54.2 in Au­gust.

The ser­vices sec­tor, which ac­counts for more than half of the coun­try’s GDP, main­tained sta­ble growth, with the subindex mea­sur­ing busi­ness ac­tiv­ity in the in­dus­try stand­ing at 53.4 in Septem­ber, flat with Au­gust.

Rapid ex­pan­sion was seen in in­dus­tries in­clud­ing trans­porta­tion, re­tail and telecom­mu­ni­ca­tions, ac­cord­ing to NBS.

Miao Wei, min­is­ter of in­dus­try and in­for­ma­tion tech­nol­ogy, said last week that the na­tion is ca­pa­ble of ad­dress­ing risks in the man­u­fac­tur­ing sec­tor as the coun­try’s sprawl­ing in­dus­trial scale and in­creased in­no­va­tion ca­pac­ity al­low it to main­tain a sta­ble per­for­mance.

“Our huge do­mes­tic mar­ket, a com­plete in­dus­try chain and a qual­ity-as­sur­ance sys­tem have laid a solid foun­da­tion for man­u­fac­tur­ing,” Miao added.

In the first eight months of this year, the an­nual growth rate of China’s high-tech man­u­fac­tur­ing hit 11.9 per­cent, high­light­ing steady im­prove­ment in in­dus­trial value.

Xin­hua con­trib­uted to the story.

XIE HUANCHI / XIN­HUA

Pres­i­dent Xi Jin­ping straight­ens the red rib­bons on bas­kets as he pays trib­ute to na­tional he­roes at the Mon­u­ment to the Peo­ple’s He­roes in Tian’an­men Square on Sun­day. Xi, who is also gen­eral sec­re­tary of the CPC Cen­tral Com­mit­tee and chair­man of the Cen­tral Mil­i­tary Com­mis­sion, joined rep­re­sen­ta­tives from all walks of life to mark the coun­try’s Mar­tyrs’ Day on the eve of Na­tional Day.

© 2018 China Daily All Rights Re­served Vol.38 — No. 11985

WU XIAOHUI / CHINA DAILY

Colm O Cribin, coun­sel­lor at the Em­bassy of Ire­land to China, plays in a ta­ble ten­nis com­pe­ti­tion for Chi­nese and for­eign diplo­mats in Beijing on Satur­day. Six­teen teams took part in the tour­na­ment, which aims to strengthen friend­ships among diplo­mats from dif­fer­ent coun­tries.

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