China's April PMI of manufacturing sector drops amid tightening moves

15:38, May 01, 2011      

Email | Print | Subscribe | Comments | Forum 

The Purchasing Managers Index (PMI) of China's manufacturing sector dropped to 52.9 percent in April from the previous month, the China Federation of Logistics and Purchasing (CFLP) said Sunday.

The PMI figure was 53.4 percent in March, 52.2 percent in February and 52.9 percent in January.

A reading above 50 percent indicates economic expansion. One below 50 percent indicates contraction. China's PMI has been staying above the boom-or-bust line for 26 months in a row.

The CFLP said in a statement that the drop indicates that China's economy is moving along the direction set by its macro control policies.

Analysts said the drop is in line with the slowing domestic demand growth and may add to possibilities of an economic growth slowdown.

The country's consumer price index (CPI), a main gauge of inflation, rose to a 32-month high of 5.4 percent in March from a year ago, with imported inflation strongly contributing to the domestic price hike.

To mop up the excessive liquidity that can stimulate inflation, the country's central bank has raised the reserve requirement ratio for commercial banks nine times since the beginning of last year.

On April 5, the central bank announced the second interest rate hike this year. It was also the fourth increase since the start of 2010.

Source: Xinhua

 
 
     
 
BRICS Leaders Meeting 2011
 
Japan in aftershocks
 
     
 
 
 
  Weekly review  
 
April 23   Pictures catch ancient & cultural heritage of a Sichuan town
 
April 28   Will China's rise lead to the decline of U.S.?
April 25   Kunming-Singapore High-Speed Railway begins construction
April 25   Chinese path -- a marvel of world's economic growth
April 23   The week in pictures
April 26   Second excavation to sunken 'Nan'ao No 1' finished
April 27   Guizhou girl designs tea set for Prince William's wedding
April 26   PLA reserve force Type 07 uniform makes debut in Beijing
April 28   Old friends eye for new & higher levels of cooperation
April 29   Shanghai auto show closes
 
     
 
 


(Editor:王寒露)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • BRICS Leaders' Meeting 2011
  • Focus On China
Major headlines
Editor's Pick
  • Revelers participate in "Doo Dah 2011 Parade" in Pasadena, California, U.S.
  • Strawberry Music Festival 2011 kicked off at Tongzhou Canal Park in Beijing
  • Large Chinese music play Phoenix staged in Toronto
  • Dancers from Russia Royal Ballet performe Swan Lake in China's Changchun
  • Gaddafi's supporters at tribes' meeting
  • Bag-like masks became popular in 2011 Taiyuan Animation and Comic Festival
Most Popular
Hot Forum Dicussion