Energy News  
TRADE WARS
China manufacturing accelerates at fastest for 4 years: survey
by Staff Writers
Beijing (AFP) Jan 3, 2017


China's manufacturing activity expanded at its quickest pace in nearly four years in December, an independent research firm said on Tuesday, in a sign of improving health for the world's second-largest economy.

The private Caixin Purchasing Managers' Index (PMI), an indicator of conditions at smaller manufacturers, beat expectations with a reading of 51.9 in December, up from 50.9 the previous month.

A PMI figure above 50 marks an expansion of activity, and below 50 a contraction.

It was the survey's highest score since January 2013, the Chinese financial magazine said in a joint statement with data compiler IHS Markit.

"The Chinese manufacturing economy continued to improve in December, with the majority of sub-indices looking optimistic," Caixin analyst Zhong Zhengsheng said in the statement.

December's reading was boosted by stronger demand and an increase in new clients for Chinese manufacturers, which pumped output growth to a 71-month high, it said.

On Sunday, the official purchasing managers' index (PMI), which focuses on larger factories and mines, came in at 51.4 in December, down from 51.7 the previous month, which marked its fastest growth for two years.

But stabilisation of the country's economy faces further risks ahead with Donald Trump's administration threatening to slap China with heavy tariffs.

Analyst Zhong noted that uncertainties about the sustainability of rising consumer prices and restocking also weigh on the outlook for factories.

China's key manufacturing sector has been struggling in the face of sagging world demand for Chinese products and excess industrial capacity left over from the country's infrastructure boom.

But an upturn in the housing and construction markets thanks to cheap credit -- following a series of monetary easing measures -- has contributed to a sharp rebound in manufacturing activity.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
Toshiba shares fall 20% after it flags one-off loss
Tokyo (AFP) Dec 28, 2016
Toshiba shares dived more than 20 percent Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business. The stock price dropped by 20.42 percent to 311.60 yen, the largest fall allowed for a single day, about 30 minutes after the opening bell, as the company failed to ease investor worries over ... read more


TRADE WARS
China to build $1.5 billion power line across Pakistan

MIT Energy Initiative report provides guidance for evolving electric power sector

Toward energy solutions for northern regions

Energy-hungry Asia slowing down, lender says

TRADE WARS
World's smallest electrical wire made from world's smallest diamonds

Lifetime of organic light-emitting diodes affected by impurities in vacuum

Bright future for energy devices

Scientists build bacteria-powered battery on single sheet of paper

TRADE WARS
The answer is blowing in the wind

French power group aims to double wind capacity

New rules for micro-grids in Alberta

Offshore wind makes U.S. debut

TRADE WARS
Stability challenge in perovskite solar cell technology

Tesla, Panasonic team up for solar power

First movie of energy transfer in photosynthesis solves decades-old debate

Ohio keeps renewable energy standards

TRADE WARS
Battling energy crisis, Pakistan turns on fourth nuclear plant

Report finds additional radioactive materials in gas-well drill cuttings

Chemistry research breakthrough that could improve nuclear waste recycling technologies

AREVA NP supplies Safety Instrumentation and Control System for Generation 3 Reactor

TRADE WARS
Biomass operations aren't currently feasible in rural communities

Molecular Velcro boosts microalgae's potential in biofuel, industrial applications

Ultrafast lasers reveal light-harvesting secrets of photosynthetic algae

People willing to pay more for new biofuels

TRADE WARS
US Shale Is Now Cash Flow Neutral

Iran okays 29 companies for oil and gas projects

Crude oil prices strong out of 2017 gate

A first for European energy with French LNG

TRADE WARS
Seizing environmental opportunities under a Trump presidency

Climate report says 2016 on pace to be hottest year yet

Glee to gloom: Climate and the 'Trump effect'

'Fear is palpable' among US climate scientists over Trump moves









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.