Latest News:  
Beijing   Cloudy/Overcast    12 / 5   City Forecast

People's Daily Online>>China Business

China's manufacturing expands for 4 straight months


13:48, April 01, 2012

BEIJING, April 1 (Xinhua) -- China's Purchasing Managers Index (PMI), a preliminary readout of the country's manufacturing activity, rose for four consecutive months to the highest level since last March, indicating the economy is on path of steady growth.

PMI climbed to 53.1 percent in March of 2012, 2.1 percentage points higher than a month earlier, the China Federation of Logistics and Purchasing (CFLP) said Sunday.

From November to February, PMI saw steady increases from 49 percent to 50.3 percent, 50.5 percent and 51 percent. A reading of 50 percent demarcates expansion from contraction.

March's reading shows domestic demand rebounding, which was most prominently reflected in the machinery equipment-making industry, according to the report.

The significant PMI rise in March showed the economy presented stable growth momentum, said Zhang Liqun, a researcher with the development research center of the State Council, China's cabinet.

The CFLP's sub-index for new orders hit 55.1 percent, up 4.1 percentage points from February. The data for new export orders added 0.8 percentage points to reach 51.9 percent.

The manufacturing sub-index edged up 1.4 percentage points to 55.2 percent.


Leave your comment0 comments

  1. Name


Selections for you

  1. Original photography narrates city fairy tales

  2. Tanya's haute couture collection released

  3. Forest fire under control in SW China's Yunnan

  4. Paper iPads popular for Tomb-sweeping Day

Most Popular


  1. Anelka cannot save Chinese football
  2. Quick stop to good progress in N.Korea
  3. EU urged to do Chinese companies justice
  4. A hard-earned, favorable turn for Syria issue
  5. BRICS mulls joint bank
  6. How far away are we from nuclear terrorism?
  7. Benefits, not values, define BRICS unity
  8. China slams Japan's move over Diaoyu Islands
  9. More efforts needed for enhancing nuclear security
  10. Chinese solar companies to fight US tariffs

What's happening in China

Foreign students in China make Qingming festival food

  1. China's March PMI rises to 53.1 pct
  2. Chinese cities dim lights in environmental initiative
  3. Qinghai to invest heavily in grassland recovery
  4. Chinese film studio joins hunt for fugitives
  5. China's Suning 2011 net profit up 20 pct

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai