久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Economy

Curbs may hit industrial output

By Chen Jia (China Daily) Updated: 2014-11-13 09:28

Curbs may hit industrial output

An employee working on the assembly line of BAIC Motor Corp Ltd in Beijing. The cities of Beijing, Tianjin and four surrounding provinces cut production by highly polluting industries to help keep the air clean during the APEC meeting, which ended on Tuesday in the Chinese capital city. [Photo / Provided to China Daily] 

Fixed-asset investment and trade affected; impact will show up in GDP data

Industrial output growth may come in at a six-year low this month because of restrictions on factories and construction to keep the air clean during the eight-day Asia-Pacific Economic Cooperation meeting, a leading financial institution said on Wednesday.

The impact of the APEC restrictions could be "significant" because six provinces and cities were involved, according to Beijing Gao Hua Securities Co Ltd, a financial services firm that has a partnership with Goldman Sachs Group Inc.

Gao Hua Securities said that November industrial production may increase about 6.9 percent year-on-year, on a par with the August figure, which was the lowest level since February 2009.

"As a result, we think the likelihood of further policy loosening has increased," said Song Yu and Maggie Wei, economists from the brokerage.

In the first 12 days of November, the cities of Beijing, Tianjin and four surrounding provinces cut production by highly polluting industries, especially the steel, cement and chemical sectors. Construction work at major sites was suspended as well.

Similar broad measures were taken for the 2008 Olympics in Beijing and 2014 Youth Olympics in Nanjing, Jiangsu province, which depressed industrial production growth.

The measures also likely curtailed fixed-asset investment, exports and imports, which will drag down overall economic growth, the brokerage said.

In the first nine months, industrial output increased 8.5 percent, compared with 9.6 percent in the same period last year, according to the National Bureau of Statistics. Fixed-asset investment rose 16.1 percent from January to September, compared with 20.2 percent last year.

Economists have also said that industrial production and fixed-asset investment were weak last month. Those figures are due for release by the NBS on Thursday.

Chang Jian, chief economist at Barclays Capital, estimated that industrial production growth slid to 7.9 percent in October from 8 percent in September, due to softening sequential momentum as implied by the manufacturing Purchasing Managers Index, which fell to 50.8 in October from 51.1 in September.

Fixed-asset investment growth may decelerate further given the property market correction and sluggish manufacturing investment, said Chang.

"We continue to believe that the ineffectiveness of targeted easing in lowering financing costs for the real economy, still-soft domestic demand and rising disinflationary risks are adding to the probability of benchmark interest rate cuts," she said.

Gao Hua Securities said that "the government will continue to favor relatively low-profile and targeted loosening".

Given the subdued level of consumer price inflation, which was 1.6 percent in October, the central bank may consider reserve requirement ratio and interest rate cuts, it said.

Curbs may hit industrial output Curbs may hit industrial output
 Industrial output to see stable expansion in Q4  China's industrial production grows 8.5% in first three quarters

 

 

 

?

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美极品在线视频 | 91国内精品久久久久免费影院 | 成年人毛片 | xx欧美老妇 | 欧美.成人.综合在线 | 免费一看一级毛片全播放 | 波多野结衣视频免费在线观看 | 欧美视频www | 亚洲综合91社区精品福利 | 女人张开腿给人桶免费视频 | 欧美精品在线视频观看 | 亚洲精品久久玖玖玖玖 | 米奇久久 | 在线免费观看亚洲视频 | 亚洲另类激情综合偷自拍 | 久久综合狠狠综合狠狠 | 99国产精品热久久久久久夜夜嗨 | 91精品国产综合久久久久久 | 欧美日韩一区二区三区视视频 | 日本一级大毛片a一 | 亚洲一区二区三区四区五区 | 99re热久久| 日韩午夜在线视频 | 久久久久久久久性潮 | 国产精品一区二区三区四区五区 | 91精品最新国内在线播放 | 特级淫片欧美高清视频蜜桃 | 在线视频三区 | 一区二区在线看 | 18视频免费网址在线观看 | 国产成人精品午夜 | 另类一区二区三区 | 色老头一区二区三区在线观看 | 日本www视频在线观看 | 美女张开大腿让男人捅 | 欧美成人26uuu欧美毛片 | 香港台湾经典三级a视频 | 欧洲美女与男人做爰 | 日日摸日日碰夜夜爽久久 | 久草视频资源 | 午夜亚洲国产成人不卡在线 |