China's official September manufacturing procurement manager index (PMI) increased by 0.5 percentage points from August and recorded 50.2. After a lapse of six months, he returned to the expansion range for the first time, further showing signs of China's economic stability.
The data released by the National Bureau of Statistics of China on Saturday (September 30) also showed that the non -manufacturing business activity index recorded 51.7 in September, an increase of 0.7 percentage points from the previous month, and ended the continuous decline since April.The industry's rose rose, and the business activity index was 50.9, an increase of 0.4 percentage points from the previous month.
The pushes of PMIs of the two major industries have driven the September comprehensive PMI output index to rise by 0.7 percentage points to 52.0, indicating that the expansion of enterprise production and operation activities has accelerated.
The executive director of the Global Economic and Marketing Research Department of Singapore's Global Economic and Marketing Research Department, Quan Dejian analyzed the United Zaobao, combined with the previous data, China's economy has a phenomenon of stopping falling.
China's official recently introduced a series of economic stimulus policies, including interest rate cuts and relaxation restrictions. Since August, a number of data have shown that the economy has begun to stabilize.
Caixin Manufacturing PMI recorded 51.0 in August and has returned to the expansion range.The official PMI of the manufacturing industry in August was 49.7, although it was still in the contraction range, but it picked up for three consecutive months.The profit of industrial enterprises in August increased by 17.2%year -on -year, which was the first time that the profit of the month has grown for the first time since the second half of last year.
Jeon Dejian said that this is a positive effect that appears under the stimulus of China's official policy.He also took Vietnam as an example, thinking that this was related to the increase in foreign orders at the end of the year.Vietnam ’s manufacturing PMI has also contracted in the past six months, but in August, it broke through the dry line and expanded slightly.
For whether China can achieve the annual economic growth of 5.5%, Quande Jian believes that, driven by the increase in external orders and the recovery of internal consumption confidence, "the opportunity is quite high."
After the relaxation of the Chinese crown disease, the economy has not occurred in the first half of this year.A number of international institutions lowered China's annual economic growth forecast, of which JPMorgan Chase predicted China's GDP growth rate to 4.8%in August.
However, with the rise of data in the past month, the International Monetary Fund (IMF) said on Thursday that China still believes that China can achieve about 5%of economic growth this year.
China has opened the Mid -Autumn Festival and National Day Golden Week holidays from Friday. During this period, activities and expenditures have also become an important signal for the outside world to observe China's consumption power and confidence recovery.
Jeon Dejian said, "Whether it is (current) high -speed rail or highway data, we can see that China's consumption strength is good."
A number of data on the first day of the long holiday writes a record high, and it is called "the most popular Golden Week" by the Chinese media, which further promotes the market's expectations of China's economic recovery.
China National Railway Group Co., Ltd. announced on Saturday that the national railway sent 20.98 million passengers on Friday. The number of passengers in a single day reached a record high, which is also the first time in history that has exceeded 20 million.
Ctrip data on the tourism platform shows that the first day of tourism orders in the Golden Week increased by 2.8 times the first day of the "Eleventh" last year, an increase of 20%compared to the first day of "May 1st" this year.Tongcheng travel data shows that the number of tickets and hotel accommodation has increased by more than 60 % year -on -year.
