男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Policies

Caixin services PMI rises to 3-month high

By ZHOU LANXU | China Daily | Updated: 2019-09-05 06:59
Share
Share - WeChat
[Photo/IC]

Expansion of China's services sector quickened to a three-month high in August, thanks to policy efforts that have managed to boost demand and employment, according to a major privately surveyed index on Wednesday.

The Caixin China General Services Purchasing Managers' Index rose to 52.1 in August, up from 51.6 for July and the highest since May, according to media group Caixin and information provider IHS Markit, which jointly released the index.

Analysts said the index, along with the renewed expansion momentum of China's manufacturing sector last month, signaled improvement in the economic situation, though policies to cushion downside pressure are still needed amid intensified trade friction between China and the United States.

A PMI reading above 50 indicates expansion while one below that figure shows contraction.

In August, Chinese services companies saw the quickest growth in new orders in four months, despite slower export order growth compared with July, indicating that growth stabilization policies have stimulated domestic demand, said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin.

Activity in the manufacturing sector also quickened in August, indicated by a five-month high Caixin/Markit manufacturing PMI of 50.4, up from 49.9 for July.

"China's economy showed clear signs of a recovery in August, especially in the employment sector. Countercyclical policies have gradually taken effect," Zhong said in a report.

The composite gauge of employment, covering the manufacturing and services sector, rebounded into expansionary territory in August-the first time it was above 50 since April, according to Caixin/Markit studies.

Despite improvements in the two Caixin/Markit PMI indexes, it may be too early to confirm a full-blown economic recovery, given mixed signals from recently released economic data and new US tariffs imposed on Chinese goods that took effect on Sunday, said Tang Yao, an associate professor of economics at Peking University's Guanghua School of Management.

In contrast with the rising Caixin/Markit PMI figures for services and manufacturing, the official PMI readings for the two sectors slid to 52.5 and 49.5 in August, respectively, the National Bureau of Statistics reported on Saturday.

For the rest of the year, China's manufacturing growth may remain stable but soften slightly amid a lukewarm global economy, and the country may rely more on the service sector to anchor growth as economic restructuring deepens, Tang said.

The services sector has "big growth potential", which could be released through improving the quality of supply in many services sectors, according to Tang.

"China's trade deficit in tourism is a case in point, in which domestic tourism services do not satisfy consumer demand. By taking measures such as cross-regional coordination to strengthen infrastructure networks, the strong domestic demand for travel may transform into higher output for the tourism sector," Tang said.

During the first seven months, China's deficit in services trade shrank by 9.8 percent year-on-year to stand at 887.1 billion yuan ($124 billion), indicating the stronger competitiveness of the country's services sector, according to the Ministry of Commerce on Wednesday.

Yang Weiyong, an associate professor of economics at the University of International Business and Economics in Beijing, said China should better leverage the services sector to fend off any employment pressure amid prolonged trade frictions.

"Some unskilled labor in manufacturing may become redundant as the sector slows down, and vocational training will help them be re-employed in the services sector. There is still a supply vacancy in this respect, and policy support can be stepped up to foster this training market," Yang said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 察隅县| 新昌县| 诸城市| 茌平县| 乌恰县| 襄汾县| 吉林省| 铜梁县| 合阳县| 乌拉特后旗| 元朗区| 上蔡县| 北安市| 铜梁县| 小金县| 马边| 青冈县| 彝良县| 东宁县| 邓州市| 肇东市| 桦南县| 桦川县| 乌拉特中旗| 无极县| 东乌珠穆沁旗| 青河县| 南江县| 务川| 伊宁市| 临西县| 东乌珠穆沁旗| 兴山县| 岑巩县| 安康市| 体育| 元氏县| 平利县| 三门峡市| 永春县| 长葛市|