China's manufacturing activity expands for 5th month

Updated 2017-01-02 11:23:36 Xinhua

China's manufacturing activity expanded for a fifth month in December.

The manufacturing Purchasing Managers' Index (PMI) came in at 51.4 in December, lower than 51.7 in November and staying above the 50-point boom-bust line for the fifth straight month, the National Bureau of Statistics (NBS) said in a statement.

This is the second highest monthly reading this year.

Despite the slight decline in December, the latest data reaffirmed the momentum for a stabilizing Chinese economy, said Zhang Liqun, a researcher with the Development Research Center under the State Council.

The sub-index for production registered at 53.3, low than 53.9 in November.

The sub-index for new orders stayed at the same level as the previous month, the highest point this year.

The sub-index for new export and import orders stayed above the boom-bust line of 50 for a second month, the NBS said.

On a quarterly basis, manufacturing PMI had been rising steadily, from the first quarter's lower than 50 to the second and third quarters' slightly above 50, and to over 51 for the fourth quarter.

The PMI for the whole year averaged at 50.3, compared to 49.9 for 2015.

Chen Zhongtao, analyst at the China Logistics Information Center, said positive factors had added up in China's economic activity, including increasing demand, rising prices, better performance for companies, restructuring and a good job market.

China's non-manufacturing activity also expanded at a fast pace in December, second only to November this year.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58November 24 2017 15:35:01

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16November 24 2017 15:35:01

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18November 24 2017 15:35:01

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords