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Manufacturingpmi

All articles tagged with #manufacturingpmi

finance-and-business2 years ago•2 min saved

"China and Hong Kong Stocks Stumble into 2024 Amid Economic Uncertainty and US Rate Concerns"

Hong Kong stocks have opened 2024 with a decline, continuing a four-year losing streak, as China's manufacturing activity contracts for the third consecutive month and home sales plummet. The Hang Seng Index fell by 1.5%, with significant losses in tech and real estate shares, including Alibaba and Longfor Group Holdings. The downturn reflects broader economic challenges in China, despite President Xi Jinping's commitment to reforms and growth. Other Asian markets, however, experienced gains on the same day.

via South China Morning Post|

##chinaeconomy #finance-and-business

economy2 years ago•1 min saved

"China's Manufacturing Downturn Deepens with PMI Slump in December"

China's manufacturing Purchasing Managers' Index (PMI) fell to 49 in December, indicating a contraction in the sector. Despite this, the non-manufacturing PMI showed slight expansion. The decline in manufacturing PMI is attributed to off-season production and insufficient demand. However, with the implementation of policies aimed at boosting domestic demand and deepening supply-side structural reforms, there is optimism for economic recovery. The National Development and Reform Commission (NDRC) is focusing on leveraging China's large market to improve domestic demand and integrate it with supply-side reforms.

via Global Times|

##chinaeconomy #domesticdemand