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Positive Changes behind Falling PMI

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2014-09-02 17:39:50 来源:大连商品交易所网站 

  Observing economic indicators, we should pay attention to both the status quo and the trend. Although HSBC released declines of China’s manufacturing PMI data for August, the manufacturing sector has seen internal differentiation accelerated, new economic growth points are emerging and structural adjustment has reported continuous optimization. These positive changes show that under the new normal situation, China’s economic growth features many highlights and great potential and new progress is being made in restructuring and economic transition.

  The latest topic of "Joint Comments of Economic Daily and CCTV" focuses on the positive changes behind the falling PMI.

  The preliminary reading of China’s manufacturing PMI for August released by HSBC has declined to 50.3, a record low in months. Considering the continuously falling investment growth, many investors are worried about the economic prospects.

  PMI is an important indicator of a description of the extent of the economic boom. HSBC manufacturing PMI fell to a certain extent reflects China's manufacturing enterprises, especially micro and small enterprises are faced with big manufacturing and operating pressure. It should be noted, August HSBC manufacturing PMI is still above the ups and downs, that the economic trend changed for the better, just minus the momentum. We should see that there are many positive changes behind the falling PMI.

  For example, the manufacturing sector has seen the internal differentiation accelerated. This year, the high-tech industry has developed rapidly, high-speed rail, and other large complete equipment has seen the international competitiveness constantly growing, and especially in East China, great achievements have been made in the development of the emerging manufacturing. More than that, the intelligent level of the traditional manufacturing industry has entered a new phase, with the promotion and popularity of industrial robots beyond imagination.

  Again, new economic growth points are emerging. The online shopping is more evident. According to statistics, from January to July this year, China's online retail sales of the units above the quotas reached RMB 216.7 billion, up 55.2 percent year on year.

  As another example, the continuous optimization has been seen in structural adjustment. The contribution proportion of final consumption expenditures has continued to rebound, and the contribution of domestic demand to GDP has exceeded 100%; the share of tertiary industry in GDP continues to increase; the resident income is being expanded in the proportion in national income distribution, with the growth rate higher than that of fiscal revenue and corporate profit; the GDP energy consumption per unit has continued to decline, with the environment significantly improved.

  

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