The Chinese manufacturing industry back to grow

December, 2012

Among the main causes of the decline in the pace of growth in China in recent months, the decline in exports. The new findings show, however, a revival of the manufacturing industry that bodes well for a new economic acceleration of the country.

The economic growth of China, while remaining significantly positive, has experienced, in recent months, a slowdown. After thirteen months of statistics on the Chinese economy which gave account of a slowdown in the growth of the country, with data on gross domestic product showed that an increase in the order of 8%, a decrease compared to the previous periods, the thermometer of the economy of the Dragon returns to provide positive signals.
“I am confident in the economic future of China.”

Zhang

Chinese Ministry

In particular, the latest figures show that the Chinese manufacturing activity returned to score "expansion", Markit announced the preliminary data on the Index HSBC PMI Manufacturing in China: PMI index - which measures the level of economic activity industry in China and is made from purchasing managers in the manufacturing sector and published by the bank HSBC - rose in November over the threshold of 50 points, a value that discriminates if activity in in contraction than in expansion, reaching 50.4 points, in October, the same index had recorded 49.5 points (www.agichina24.it). at the highest 13 months also the sub-index of industrial production, at an altitude of 51.3 points. To affect the performance of the Chinese economy, the global economic crisis that is still affecting the country that always represent the main markets of Chinese products, which is attributable to the decline in exports occurred in recent months. The encouraging data on the recovery of the manufacturing industry are in addition to the positive signs already offered in the previous month in relation to the performance of credit, export and industrial production.