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

U.S. Crude Drops Further Due to Surplus Supply
CVC and CPPIB Outbid Others for a Possible Deal to Buy Petco for $4.7 Billion
US Government All Set to Introduce a New Law for Americans “Seriously Delinquent
Reportedly Pfizer Plans to Acquire Allergan in a Deal of $150 Billion or More
In October Most States Experienced a Drop in Unemployment Rate
San Francisco Fed President John Williams sees a “Strong Case” for an Interest
Cincinnati Shoppers have More Choice of Local Black Friday Deals this Year
Sliding Crude Prices Continue Giving the U.S Oil Producers Reasons to Cut Costs
American Airlines Revamps its Much Anticipated Loyalty Reward Program
Report says, Many Retailers Recycling Black Friday Deals
Optimistic Sales Posted by Retailers Walmart, Home Depot and TJX Spark a Positiv
Interest Rate Hike a Possibility or Not in December, is Still a matter