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

chinadaily.com.cn
left corner left corner
China Daily Website

Demand increase a sign for economic growth

Updated: 2012-09-30 07:50
By Chen Jia ( China Daily)

Chinese manufacturing growth is likely to bottom out in September, with new orders going up indicating a sustained improvement in demand, as more supportive policies are awaited to give the economy a boost, according to an HSBC Holdings report.

The manufacturing Purchasing Managers' Index climbed slightly in September to 47.9 from the nine-month low of 47.6 in August, compared with 49.3 in July, the Hong Kong-based bank commented on Saturday.

The figure has stayed below the contraction-expansion line of 50 for 11 consecutive months, but the rate of deterioration has eased marginally recently.

New export orders sharply contracted in September, with a reading that declined to 44.9 from 45.5 in August, according to HSBC. It dragged down the manufacturing output to a 10-month low of 47.3 from 48.2 a month earlier.

New orders are overall going up because of domestic demand.

In the meantime, employee numbers decreased for the seventh month in a row, although the rate of job shedding was relatively modest in September, as a majority of goods producers indicated no change in employment levels, the HSBC report said.

"The sharper contraction of new export orders and the lingering pressures on job markets mean that Beijing should step up easing to support growth and employment," said Qu Hongbin, the chief HSBC economist in China.

"Fiscal measures should play a more important role in the coming months."

The world's second largest economy may suffer the most serious chill in 22 years if the third quarter's year-on-year GDP growth slumps to less than 7.5 percent and the gloomy situation stays the same for the last three months of the year.

Many economists have downgraded their forecasts of the growth rate during the July-to-September period, as demand remained weak and the manufacturing de-inventory may continue.

UBS expected China's GDP growth to slow to 7.3 percent in the third quarter from a year earlier, while the Bank of Communications said the pace of growth may decelerate to less than 7.5 percent.

Considering the downside risks, "China can speed up fiscal spending on infrastructure, public housing and social welfare areas, on top of affording more tax cuts," said HSBC economist Sun Junwei.

The government has accelerated approval for new projects and adopted modest monetary easing since the second quarter. The central bank has cut the benchmark interest rates and reserve requirement ratio twice this year to keep up growth.

"The combination of monetary and fiscal easing should be working through to lift a modest growth recovery from the fourth quarter onward," according to the HSBC report.

Lian Ping, chief economist at the Bank of Communications, said the year-on-year growth rate in the last quarter may rebound to 7.8 percent, supported by a faster increase in industrial output and the effects of the previous policy fine-tuning.

"It is possible to achieve the whole-year target of 7.5 percent and the economy will see a soft landing," Lian said.

UBS expects to see a faster pace of credit and social financing expansion, a continued rebound in property sales, and an acceleration of infrastructure investment in the coming months.

Bank lending is likely to grow by 16.3 percent year-on-year in September, with an increase of long term loans, which can prop up the expansion of investment, it said.

chenjia1@chinadaily.com.cn

8.03K
 
...
...
...
主站蜘蛛池模板: 毛片免费观看视频 | 久久香蕉国产线看观看亚洲片 | 国产深夜福利视频在线播放 | 普通话对白国产精品一级毛片 | 久久伊人网站 | 久久99精品九九九久久婷婷 | 亚洲美色综合天天久久综合精品 | 免费看美女毛片 | 天天看片天天爽_免费播放 天天看夜夜 | 日本a级片免费观看 | 普通话对白国产精品一级毛片 | 亚洲国产欧美在线人成精品一区二区 | 久色视频在线 | 免费观看国产网址你懂的 | 一级做a爱过程免费视频麻豆 | 欧美高清一区二区三 | hdxxx色视频 hd欧美xxx欧美极品hd | 高清国产精品久久 | 香蕉依依精品视频在线播放 | 美女被躁免费视频软件 | 久草福利资源网站免费 | 久久免费资源 | 久久久久久久久久久9精品视频 | 久久精品亚洲精品一区 | 黄色影院在线 | 国产成人精品免费 | 成人亚洲在线观看 | 看欧美的一级毛片 | 亚洲一区二区三区四区在线 | 国产精品嘿咻嘿咻在线播放 | 一区二区三区在线视频观看 | 国产精品久久久久久影视 | 国产一区亚洲欧美成人 | 久久精品成人免费网站 | 久久久久久久久久综合情日本 | 久久久久久极精品久久久 | 91免费网站在线看入口黄 | 欧美ⅹxxxx视频 | 日本中文字幕不卡免费视频 | 两性午夜视频 | 免费一级毛片在线播放 |