Latest News:  

English>>Business

Index adds to rebound hopes

By Chen Jia  (China Daily)

08:45, January 05, 2013

Rising domestic demand, exports drive up gauges of economic activity for Dec

The growth of China's non-manufacturing industries continued to pick up in December, adding to signs of an economic rebound in the country.

The December non-manufacturing Purchasing Managers' Index rose to a four-month high of 56.1 from November's 55.6, a result of increasing domestic market demand and exports, according to data released by the National Bureau of Statistics and the China Federation of Logistics and Purchasing on Thursday.

It has increased for three consecutive months after it hit a 10-month low in September of 53.7.

A reading above 50 indicates an expansion of business activities.

The manufacturing PMI in December was 50.6 — the same as that in November. HSBC Holdings Plc also released its manufacturing PMI figure of 51.5, the highest in 19 months.

"Domestic demand is becoming the key foundation for keeping up economic growth," said Cai Jin, vice-chairman of the federation.

Cai said the service and construction industries are important to sustaining growth in the long term.

Flagging exports and government measures to contain inflation dragged down the economy's growth to 7.4 percent in the third quarter, the slowest pace in more than three years.

【1】 【2】


We recommend:

BJ-GZ HS to add 30b yuan to GDP annually

Great changes in Zhengzhou railway station

Wanda Group ventures onto the global stage

Sports car makers look to mainland market

Top Ten Economic Events in 2012

'Gold road' laid with gold bars

Email|Print|Comments(Editor:马茜、Liang Jun)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. NBC emergency rescue team

  2. Anti-terror exercise conducted in S. Korea

  3. Finalists in Sydney to compete for Best Jobs

  4. Girl travels 16 hours to save wounded eye

  5. Percussion shows me the world

  6. No quick way
    to a job

  7. Nanhaizi Park: An ecological garden

  8. Most beautiful Chinese celebs

  9. HK's new terminal receives luxury liner

  10. Hilton to open 120 new hotels in China

Most Popular

Opinions

  1. Whistleblower welcome in China
  2. Chinese brands in global marketplace set to grow
  3. Surveillance programs reveal U.S. hypocrisy
  4. People's Daily urges safety after deadly accidents
  5. Equities slump amid slow-growth estimates
  6. World owes Snowden debt of gratitude
  7. Male teachers needed at Chinese kindergartens
  8. Hard times for air pollution
  9. Road ahead for China's food safety
  10. Showdown of China's Big Three cities

What’s happening in China

Developer razes historic Guangzhou structures

  1. 1 dead in NE China construction site accident
  2. Beijing set to rein dangerous dogs
  3. Quest for 2nd child exposes couple’s private life
  4. 'Alien' buster turns out to be a faker
  5. Japanese citizens detained for fraud, murder