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People's Daily Online>>China Business

Chinese economy grows with greater coordination

(People's Daily)

16:15, April 06, 2012

Edited and translated by People's Daily Online

China's Purchasing Manager's Index (PMI) of March was 53.1 percent, up 2.1 percentage points and setting the highest record since January of 2011, and the index has increased for four successive months, according to a report issued on April 1 by the China Federation of Logistics and Purchasing (CFLP) and Service Industry Survey Center under National Bureau of Statistics of China.

Of the PMI data of April, the New Order Index had the highest growth rate, which was 4.1 percentage points, indicating that China's production and operation activities are accelerating and the overall situation of China's manufacturing economy is steady and has a rising trend.

The vice director of the CFLP Cai Jin said that the PMI data show that the coordination of China's economic growth has significantly improved. He believes that if China maintains the current PMI level, China's economic growth rate of 2012 will exceed 8 percent.

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