China Witnesses Growth in Manufacturing Sector

.

China Witnesses Growth in Manufacturing Sector

It has been revealed in a survey of private factory managers that manufacturing sector in China has been witnessing a healthy rise. The survey has revealed that the sector has witnessed maximum rise since May 2011.

The trend is expected to continue in New Year as well. The survey has revealed that the surveyors have taken into account a sub-index of new orders as well. The new orders for 2013 have indicated that the trend will continue.

It has been found that the HSBC Purchasing Managers' Index rose to 51.5, which was an increased version in comparison to preliminary one that was 50.9. "Such a momentum is likely to be sustained in the coming months when infrastructure construction runs into full speed and property market conditions stabilize", said Hongbin Quk, who is the chief economist of HSBC in China.

Experts said that the rise in demand is good for country's economy. Some of the other experts have linked increased demand with domestic demand. In addition, it has also been revealed that Infrastructure, steel, cement and housing are some of the other sectors that have been showing growth, said analyst Zhang Zhiwei, who is from Nomura International, which is Hong Kong.

 


Latest News

Crude Oil Prices Scale Almost Six Percent but Analysts Not too Optimistic about
Whole Foods Reports Rise in Overall Sales in the Recent Quarter
Time Inc. Acquires Viant; Terms of Deal not Specified
iRobot Corporation , the Maker of Roomba Vacuum Moving Out of Defense and Securi
Telecom Regulatory Authority of India bans Facebook’s Free Basics
Obama Administration's final budget request offers $19 billion for NASA in fisca
Scientists say their discovery may help explain the Great Attractor
Scientists may Confirm Existence of Gravitational Waves Today
Stunning photo of Newborn Star Illuminating Nebula captured
In Spite of Big Loss in Q4 Tesla’s Shares Increased over Rosy Outlook
Gold Jumps as Yellen says the Fed may take a Go Slow Path for Interest Rate Hike
Cracknell supports tax on sugary drinks in the UK