Subscribe free to our newsletters via your
. Space Travel News .




POLITICAL ECONOMY
China manufacturing grows in November: HSBC
by Staff Writers
Beijing (AFP) Nov 22, 2012


China's manufacturing activity grew in November for the first time in 13 months, HSBC said Thursday, in a further sign of strength in the world's second-largest economy after a marked slowdown.

The preliminary purchasing managers' index (PMI) released by the British banking giant hit 50.4 this month, up from a final 49.5 in October, after 12 consecutive months in negative territory.

A reading above 50 indicates growth in the key sector, while one below signals contraction.

November's figure was the first time since October 2011 that the indicator showed expansion and suggested a revving up in China's economy, where growth has slowed for seven straight quarters.

"This confirms that the economic recovery continues to gain momentum towards the year end," Qu Hongbin, HSBC's chief economist for China, said in the bank's release.

"However, it is still the early stage of recovery and global economic growth remains fragile. This calls for a continuation of policy easing to strengthen the recovery."

China's economic growth hit a more than three-year low of 7.4 percent in the three months to September, but recent data has fuelled optimism that the worst is over.

Exports, industrial production, retail sales and fixed asset investment -- a key gauge of infrastructure spending -- have all shown improvement.

November's preliminary manufacturing data from HSBC came after China's official purchasing managers' index rose to 50.2 in October, up from 49.8 in September and the first expansion in three months.

HSBC said it would release its final November PMI data on December 3.

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
China says US overtakes EU as its top export market
Beijing (AFP) Nov 20, 2012
China said Tuesday that the United States has overtaken the European Union as its biggest export market, as the continent's debt crisis has sent demand slumping. "The biggest is the US and the EU is second," Commerce Ministry spokesman Shen Danyang told reporters at a regular briefing, without saying when the reversal occurred. "The EU used to be the biggest," he added. Chinese customs f ... read more


POLITICAL ECONOMY
Pleiades 1B is ready for integration in the payload "stack" for Arianespace's next Soyuz mission

France, Germany compromise on Ariane launcher: minister

Mexsat Bicentenario is delivered to French Guiana for its December launch on Ariane 5

France, Germany seek Ariane compromise at ESA space meet

POLITICAL ECONOMY
Curiosity Rover Preparing for Thanksgiving Activities

Curiosity Team May Reveal Major Discovery Soon

Life on Mars? Maybe not. NASA rows back on findings

Survey At 'Matijevic Hill' Wrapping Up

POLITICAL ECONOMY
China's Chang'e-3 to land on moon next year

Moon crater yields impact clues

Study: Moon basin formed by giant impact

NASA's LADEE Spacecraft Gets Final Science Instrument Installed

POLITICAL ECONOMY
Keck Observations Bring Weather Of Uranus Into Sharp Focus

At Pluto, Moons and Debris May Be Hazardous to New Horizons Spacecraft During Flyby

Sharpest-ever Ground-based Images of Pluto and Charon: Proves a Powerful Tool for Exoplanet Discoveries

The Kuiper Belt at 20: Paradigm Changes in Our Knowledge of the Solar System

POLITICAL ECONOMY
Rare image of Super-Jupiter sheds light on planet formation

Astronomers Directly Image Massive Star's 'Super-Jupiter'

NASA's Kepler Wraps Prime Mission, Begins Extension

Lowell astronomer, collaborators point the way for exoplanet search

POLITICAL ECONOMY
S. Korea rocket launch set for Nov 29

S. Korea readies for delayed rocket launch

South Korea's rocket launch likely to take place Nov. 29

Student Teams to Build and Fly Rockets With Onboard Payloads for NASA Rocketry Challenge

POLITICAL ECONOMY
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

POLITICAL ECONOMY
DARPA's Advanced Space Surveillance Telescope Could Be Looking Up From Down Under

Comet collisions every 6 seconds explain 17-year-old stellar mystery

NASA Radar Images Asteroid 2007 PA8

Ball Aerospace/B612 Foundation Sign Contract for Sentinel Mission




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement