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The HSMI PMI, which is relatively biased towards small and medium-sized enterprises, also returned to the dividing line one month after China's official PMI returned to the boundary of the glory, and confirmed the latest trend of China's economic recovery.
"China's economy is stable and upward." Zhuang Jian, a senior economist at the Asian Development Bank's China office, said. He said that China's industrial, investment, consumption, and export growth rates are picking up in September and October, and the initial value of HSBC PMI in November indicates that economic data in November may be better than October.
The economic data of the past two months consistently portrayed the upward trend of economic growth. The monthly core indicators of the Chinese economy grew at a rate of more than the same period last year, from 8.9% in August to 9.2% in September and 9.6% in October.
Wang Yiming, deputy dean of the Macroeconomic Research Institute of the National Development and Reform Commission, pointed out that although the outside world is expected to have different expectations for the future economic rebound in China, it is generally agreed that the Chinese economy has bottomed out and stabilized. He believes that with the stabilization and recovery of domestic demand, China's economic growth will rebound slightly in the future. The economic growth rate in the fourth quarter may rebound from 7.4% in the third quarter to 7.7% to 7.8%.
As for the reason why the economic growth rate has stabilized and rebounded in the past two months, experts believe that this is the result of a combination of various factors such as the steady growth of policies and the improvement of the export market.
“From September to November, the economic recovery momentum has become more and more obvious. This is closely related to the steady growth of a series of regulatory policies and the recovery of domestic and international market demand.†Zhang Liqun, a researcher at the Macroeconomics Department of the Development Research Center of the State Council, believes that “this round of stability Growth, in fact, did not adopt a large-scale stimulus policy. Instead, it accepted a moderate correction in economic growth, and at the same time adopted some targeted measures to stabilize the economic growth rate between 7 and 8 percent." Zhang Liqun said, more Respecting the fundamental role of the market in resource allocation and paying more attention to stimulating the internal viability of the economy is a characteristic of this round of steady growth.
China's economic recovery is underpinning
Abstract 50.4% announced the November HSBC China Manufacturing Purchasing Managers Index (PMI) initial value, for the first time in 13 months back to the boundary between the glory and the dry. The sample is relatively heavy on the HSBC PMI of SMEs, and the official PMI in China returns to the line of glory and demarcation...
50.4% of the HSBC China Manufacturing Purchasing Managers Index (PMI), which was released in November, has returned to the top of the line for the first time in 13 months.