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2021-03-01
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China's factory activity expands at slowest pace in 9 months, private survey finds
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's factory activity expands at slowest pace in 9 months, private survey finds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-01 14:59 GMT+8 <a href=https://www.cnbc.com/2021/03/01/china-february-factory-activity-growth-slips-to-nine-month-low-caixin.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nChina's factory activity expanded at the slowest pace in nine months in February, as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country's ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/01/china-february-factory-activity-growth-slips-to-nine-month-low-caixin.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/03/01/china-february-factory-activity-growth-slips-to-nine-month-low-caixin.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113816377","content_text":"KEY POINTS\n\nChina's factory activity expanded at the slowest pace in nine months in February, as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country's labor market, a business survey showed on Monday.\nThe slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, although domestic Covid-19 cases have since been stamped out and analysts expect a strong rebound in full-year growth.\nThe results back an official survey released over the weekend showing China's factory activity expanded at the weakest pace since last May.\n\nChina's factory activity expanded at the slowest pace in nine months in February, as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country's labor market, a business survey showed on Monday.\nThe slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery in China, although domesticCovid-19cases have since been stamped out and analysts expect a strong rebound in full-year growth.\nThe results back an official survey released over the weekend showing China's factory activity expanded at the weakest pace since last May.\nFebruary also saw the Lunar New Year holidays, when many workers return to their hometowns, although this year saw far fewer trips amid coronavirus fears.\nThe Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 50.9 last month, the lowest level since last May.\nAnalysts polled by Reuters had expected the index to remain unchanged from January's reading of 51.5. The 50-mark separates growth from contraction on a monthly basis.\n\"Overseas demand continued to drag down overall demand ... surveyed manufacturers highlighted fallout from domestic flare-ups of Covid-19 in the winter as well as the overseas pandemic,\" said Wang Zhe, senior economist at Caixin Insight Group, in comments released alongside the data.\nA sub-index for production fell to 51.9, the slowest pace of expansion since April last year, while another sub-index for new orders fell to 51.0, the lowest since May.\nExport orders shrank for the second month. Factories laid off workers for the third month, and at a faster pace, with Wang noting \"companies were not in a hurry to fill vacancies.\"\nAn index of confidence in the year ahead rose however to 63.0, the highest since October. Input and output prices continued to rise albeit at a slower pace.\n\"Now the major challenge for policymakers will be maintaining the post-coronavirus recovery while paying close attention to inflation,\" Wang added.\nAnalysts from HSBC this week forecast that China's economy would grow 8.5% this year, leading the global recovery from the pandemic.","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/362902825"}
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