Subscribe free to our newsletters via your
. Military Space News .




POLITICAL ECONOMY
China manufacturing at 13-month high
by Staff Writers
Beijing (AFP) May 1, 2012


China's manufacturing activity rose in April to a 13-month high, official data showed Tuesday, indicating the world's number two economy may have bottomed out in the second quarter.

The official purchasing managers index (PMI) rose to 53.3 from 53.1 in March, its fifth consecutive month of expansion, the China Federation of Logistics and Purchasing said in a statement.

A reading above 50 indicates expansion, while a reading below 50 suggests contraction.

The latest figure was the highest since March last year, when the PMI reached 53.4, although it fell slightly short of the forecast of 53.5 from seven economists polled by Dow Jones Newswires.

Alistair Thornton, economist for IHS Global Insight in Beijing, said the figures showed activity picking up but cautioned it was "too early to break out the champagne".

"China remains in a tough spot. Timid monetary easing over the past few months has ensured the gentlest of bounce-backs following the recent crunch," he said in a research note.

"There are signs of life in the economy and things should improve, all underpinned by an easing credit climate. But the recovery will be slower, more volatile and less assured than perhaps markets were hoping for."

China's economy is widely expected to slow this year as troubles in key export markets such as Europe and the United States hit its overseas sales.

The government in March set a target of 7.5 percent economic growth this year. China's economy grew 9.2 percent last year and 10.4 percent in 2010.

Some analysts expect China's economy to have bottomed out in the first quarter, but others say recovery might be delayed until the second quarter.

HSBC issued preliminary data last week that showed China's manufacturing activity shrank in April for the sixth straight month, although the reading was higher than for March, indicating a slower contraction.

The bank's figures are typically more pessimistic than China's official numbers.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
U.S. faces World Bank nomination deadline
Washington (UPI) Mar 22, 2012
U.S. President Barack Obama faces a Friday deadline to nominate a convincing candidate for the World Bank presidency amid signs emerging-market member countries are set to push for a candidate of their own. The Obama administration could have started the campaign to win global approval for its nominee, but didn't. Now it faces the challenge of coming up with someone prominent enough to ... read more


POLITICAL ECONOMY
U.S. backs another $680M for Israel shield

Lockheed Martin PAC-3 Missile Successfully Intercepts Cruise Missile Target During Integrated Flight Test

Lockheed Martin PAC-3 Missile Intercepts Cruise Missile Target During Integrated Flight Test

Russia's new air defense systems: Pantsir to shield S-400

POLITICAL ECONOMY
Israeli helicopters get missile shield

London apartment block set to host missiles for Olympics

N. Korea 'missiles' at parade were mock-ups: experts

US Navy Fires Raytheon Griffin Missile From RAM Launcher

POLITICAL ECONOMY
U.S. defends drone strikes as legal

US drone 'kills three militants' in Pakistan

Northrop Grumman to Upgrade Fire Scout Unmanned Helicopter for US Navy

Pakistan reiterates drone opposition as US envoy visits

POLITICAL ECONOMY
Fourth Boeing-built WGS Satellite Accepted by USAF

Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

POLITICAL ECONOMY
US F-22s in UAE imperil regional security: Iran

Lockheed Martin Wins Support Contract for Defense Civilian Personnel Data System

Lockheed Martin Delivers Last Amp C-5 To USAF

US deploys F-22 fighter jets to UAE: officials

POLITICAL ECONOMY
Chile-U.S. base a boon for defense firms

U.S. defense cuts open partnerships

US seeks to reassure Italy on costly F-35 fighter

Altran to expand in India

POLITICAL ECONOMY
India's border regions facing tough times

Energy, economy top EU talks with China's likely premier

Clinton heads to China as dissident case looms

US shores up ties in Asia push

POLITICAL ECONOMY
Creating nano-structures from the bottom up

Notre Dame paper examines nanotechnology-related safety and ethics problem

First Atomic-Scale Real-Time Movies of Platinum Nanocrystal Growth in Liquids

Nanodot-based memory sets new world speed record




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement