Slowdown in industrial production and services growth in China
Date: 01/01/2017 12:40
Information / Baghdad ..
China's manufacturing sector grew for the fifth consecutive month in December but the pace of growth was slightly less than expected in a sign that the government's actions to curb the widening asset prices began to climb raised stretches of the economy in general.
And record the official PMI 51.4 in December, compared with 51.7 in November. A reading above 50 points to growth in the months and less than that to a contraction.
And less than December reading slightly from expectations in a Reuters poll, amounting to 51.5 points.
And contributed to a boom in the housing sector and government spending on infrastructure to raise the prices of various goods from cement to steel and give a boost the industrial sector it was most in need.
But the government's campaign to tackle the purchase of real estate for speculative purposes and indicators of policymakers to adopt more measures to contain any significant increases in asset prices and increase the debt even if it led to a slowdown in growth means that any additional stimulus measures will be limited.
Zhu Hao, chief economist at Commerzbank, "PMI numbers suggest that the policy change has affected and that the authorities are very concerned about asset bubbles."
And factory production slowed in December and scored secondary index for employment of 53.3 versus 53.9 in the previous month. The renewed job losses as the secondary indicator functions 48.9 versus 49.2 in November, the second Tishreen.
It showed a separate reading for the services sector slowing the pace of growth in December, according to data released on Sunday. And dropped the official purchasing managers' index for the sector to 54.5 in December from 54.7 in November. Finished / 25