The trend of recovery in the Chinese economy has become stronger

  According to data released yesterday by the Chinese National Bureau of Statistics, the Industrial Purchasing Managers' Index (PMI) fell 0.1 point to 51 in August compared to the previous month.

  According to data released yesterday by the Chinese National Bureau of Statistics, the Industrial Purchasing Managers' Index (PMI) fell 0.1 point to 51 in August compared to the previous month.  Consequently, the index was registered over 50 during the past six months.

  While the data shows that the recovery in both directions in supply and demand is continuing, it was mentioned that this means a positive sign for the continued recovery of the economy.

  According to the data, the index of new orders increased in August by 0.3 points compared to the previous month, and reached 52.  The New Export Orders Index increased by 0.7 points compared to the previous month and reached 49.1, marking the highest level for this year on the upside for four months.

  An official from the National Bureau of Statistics stated that the manufacturing PMI remained at a relatively high level in August, indicating that the Chinese economy is recovering and the growth trend is getting stronger.

  The official stressed that while the demand recovery continues, the supply and demand cycle has improved further, noting that while the demand for exports, which caused the recovery of the economy, the situation in the market has gradually strengthened and the confidence of companies has strengthened.

  However, the data also showed that the small enterprises manufacturing PMI decreased by 0.9 point to 47.7 in August compared to the previous month.  The Chinese official said this development means that support for small businesses should be further strengthened.

  China Radio International


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