Official PMI data showed China s manufacturing sector has three consecutive

Photo: Oriental IC

Released on November 2 October caixin, China manufacturing purchasing managers ' index (PMI) 48.3, was the highest since June in September, representing 47.2 rebounded, but still contracting.

From caixin PMI data, output index, the new orders index and employment index both improved, with new export orders index for a change after three months of decline, back to the expanded range, led by rebound in the new orders index, but still in contraction interval, showing October should be improved, the main cause of a shortage of orders is weak domestic demand.

New financial Chief said he fan, an economist at think-tank, further contraction in new orders overall, led in October to continue to cut its production schedule. However, the slowdown in output contraction this month compared with September, the overall moderate. Minister of Commerce Gao Hucheng China will systematically

Although the decline in manufacturing slowed, but he fan believes that total demand is still the main difficulties facing China's economy, commodity prices continued to fall in the risk of deflation concerns.

Just a day earlier, the national statistical office also released its official PMI data. In October, the official PMI is 49.8, with unchanged. Although the data unchanged, but still below 50, indicating that while the manufacturing sector has been stable, but manufacturing is shrinking.

China's National Bureau of investigation services, senior statisticians Zhao Qinghe Zhao Qinghe in reading for the day, said: "the downward pressure on export and import are still large. Due to the recent international economic recovery is weak and domestic economies continue to face downward pressure, manufactures and the situation is still grave. "

External notes that the official PMI was below 50 for three consecutive months.

Statistics released in August China manufacturing purchasing managers ' index (PMI) for 9.7%, lower than the July 0.3%. This is not only the data below point of 50% for the first time since after only six months, a record low since the August 2012. Official September PMI to 49.8, as in October.

Official data for three consecutive months below 50 United Kingdom considered the financial times is the latest proof of an economic slowdown in China.

While China's manufacturing activity is stabilising, but there are still downside risks to China's economy at present. According to the latest data released by the National Bureau of statistics earlier, the third quarter of this year, China's GDP grew 6.9%, below the 7% of the first two quarters of growth.

Market consensus forecasts, the high-rise will introduce more policies in the future stakes to stabilize economic growth.

In the past year, the Central Bank has cut interest rates six times in a row, with a view to boosting the economy and transport, water conservancy and other infrastructure projects as the leading investment has exceeded 2 trillion.