Skip to main content

China's manufacturing industry expands

China's manufacturing Purchasing Managers' Index stood at a 13-month high of 50.5 in November, backed by increasing new business and expanding production, confirming that the Chinese economy continues to recover gradually, according to a report released by HSBC here Monday.

November's final headline PMI, a gauge of performance in the manufacturing industry, edged up a notch from its flash reading of 50.4 to 50.5, the highest reading and the first above-50 reading in 13 months, the report said.

A PMI reading above 50 indicates growth, while a reading below 50 indicates contraction.

The details suggest that manufacturing activities were boosted by an expansion of output driven by a continuous increase of new business.

The output sub-index rose above 50 for the first time in four months, to 51.3, its highest level in 13 months, while new business inflows rose for the second consecutive month, though moderated a bit to 50.8 from 51.2.

November's new export orders recorded its strongest reading to 52.1 in one year, compared with 46.7 in October.

On the other hand, China's employment reduction eased to its slowest pace in nine months to 49 from 48.5 in October.

Comments

Post a Comment

Popular posts from this blog

Buried Treasures in Bohol Philippines

Written by Joe Espiritu       Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise.        There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago.         If one ...
Post a Comment
Read more

Panglao Island Environmental Problems

By Romy Teruel One environmental and tourism issue that will keep on cropping up unless decisive actions are done is the issue of easement along beaches as prescribed by the Water Code of the Philippines.  This has cropped up before and now it is here again.    The conference that Gov. Erico B. Aumentado held with the hotel and resort owners of Panglao and Dauis last Friday is an example of laws wanting in implementation. While the laws are clear and guidelines are prescribed, willing compliance has remained a problem.  The Water Code of the Philippines prescribes a 20-meter easement from the high water mark on the beach towards inland where no permanent structure can be constructed whatsoever.  We need not send experts however to know that compliance is more in the breach than observance.  This prompts observers to ask "What happened to Bohol's thrust on eco-tourism and environmental conservation and protection?"  And this is usually followed by "They are killing...
Post a Comment
Read more

How to Maintain Good Posture

SOME people walk gracefully while others slump.      You know something is wrong.When you  see a frumpy figure gazing  back at you in the mirror.     Good posture can change all   that. A woman striding confidently into a room with her shoulders  straight  and head held high has the ability to break hearts. A man standing straight-backed, with just the right tilt to his square chin, will stand out from the rest of the slumped party-goers.     Good posture is easy to attain.   The steps to proper posture are simple, and they begin with the stomach. The belly button should be pulled back into the spine,  sucked up into the lungs. The ribs, in turn, should be held lightly under a buoyant chest and shoulders that are back and relaxed. The collarbones should be down, while the chin is slightly lifted, creating long, swan-like neck.     The  feeling is of being pulled upward from a string attached to the top of your head, with the entire spine stretched and extended. And on top of this b...
Post a Comment
Read more