« China Business – More Californians concerned about job environment, less about financial woes | Home | learn Chinese online – Nepali gov’t bans gold import »
China Travel – China’s August PMI for non-manufacturing sector steady at 60.1%
By mandarinbjcn | September 7, 2010
The Purchasing Managers’ Index (PMI) for China’s non-manufacturing sector in August remained the same as in July – 60.1 percent – the China Federation of Logistics and Purchasing (CFLP) said here Friday in a statement posted on its website.
The non-manufacturing PMI includes a package of indices that measure the non-manufacturing sector’s performance.
A reading above 50 percent indicates economic expansion while one below 50 percent indicates economic contraction.
It was the sixth straight month the reading was above 50 percent. The index returned to growth in July, after dropping for two consecutive months, in May and June.
The new orders index rose 0.4 percentage points to 56.2 percent from the previous month, the CFLP said.
“The non-manufacturing PMI remained at a high level in August, which reflects the steady performance of the construction and service sectors,” said Cai Jin, deputy chairman of the CFLP.
According to Cai, the government should be fully aware of the price hike trend in the services sector and should strive for both stable commodity prices and steady economic growth.
Learn Chinese, Learn mandarin, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About Chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, HSK, HSK exam, Chinese Exam Preparation, China Business, China Travel, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing
Topics: Chinese Mandarin, Chinese Online Class, Chinese School, Chinese language, Learn Chinese Class, Study Chinese, learn Chinese, learn Chinese online, learn Mandarin online, learn mandarin | No Comments »
Comments
You must be logged in to post a comment.