- CNTV English - CCTV News

Homepage > News > Biz >

Index indicates continued slowdown

02-22-2012 14:06 BJT

BEIJING — The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to 49.7 in February compared with 48.8 in January, HSBC Holdings PLC said on Wednesday.

The index registered a four-month high, but also stood below 50, a level separating expansion from contraction, for the fourth consecutive month.

HSBC chief economist Qu Hongbin said in a statement that growth remains on track for a slowdown despite the marginal improvement caused by increased production after the Chinese New Year.

With no meaningful rebound in domestic demand in sight, and external weakness, more downside risks exist. As inflation pressures continue to ease, the central bank is expected to step up fiscal easing following the first cut in the banks' reserve ratios this year, Qu said.

China's industrial output grew 10.7 percent in 2011, down from 12.1 percent in 2010, the National Bureau of Statistics said on Wednesday.

Editor:Zhang Jianfeng |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program