Space Travel News  
TRADE WARS
China's factory activity edges up in September
by Staff Writers
Beijing (AFP) Sept 30, 2019

China's manufacturing sector showed unexpected signs of improvement with two indexes showing Monday that manufacturing activity edged up in September, despite ongoing trade pressure with the US.

According to the National Bureau of Statistics, the Purchasing Managers' Index (PMI) rose from 49.5 in August to 49.8 this month -- better than predicted in a Bloomberg survey of economists.

However, for the fifth month it remained below the 50 level that divides expansion from contraction.

But an independent gauge, the Caixin China Manufacturing PMI, was more optimistic, saying there was a modest improvement in overall operating conditions during September, with production and total new orders both expanding at quicker rates than the month before.

The Caixin manufacturing PMI increased from 50.4 in August to 51.4.

The US and China have been locked in a bruising trade war for more than a year, with the world's two biggest economies imposing tariffs on hundreds of billions of dollars in bilateral trade.

Caixin said confidence among goods producers was still "subdued" as worries persisted over the outcome of China-US trade negotiations, set to continue next month in Washington.

Julian Evans-Pritchard, of Capital Economics, said the improved data was unlikely to mark the start of a turnaround.

"Not only is global demand set to weaken further, but the long-overdue pull-back in property construction is getting under way," he said.

"And with the fiscal stance unlikely to be loosened during the remainder of the year, the (central bank) will find it an increasingly hard sell to refrain from more decisive monetary easing."

Government data released earlier this month showed that industrial output grew by 4.4 percent year-on-year throughout August, falling to its lowest level in 17 years and down from 4.8 percent in July.

Earlier this month, China's central bank slashed reserve requirement ratios for banks -- freeing up about $126 billion to boost lending to mostly small and medium enterprises.


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
BIS sets up 'green' bond fund for central banks
Zurich (AFP) Sept 26, 2019
The Bank of International Settlements said Thursday it had launched a fund to enable central banks around the world to invest in "green bonds", citing a growing demand for climate-friendly investments. The Basel-based BIS, considered the central bank for central banks, said the new fund would help "central banks to incorporate environmental sustainability objectives in the management of their reserves." BIS said that an advisory committee drawn from a global group of central banks had been set u ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



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

TRADE WARS
TRADE WARS
Marvellous Mars from the North Pole to the Southern Highlands

Drones probe dust devils to understand Mars's atmosphere

Deadline closing for names to fly on NASA's next Mars rover

3D models of Mars to aid ESA Rover in quest for ancient life

TRADE WARS
Chinese researchers conduct in situ measurement of lunar dust at Chang'e-3 landing site

Lunar soil is a dangerous nuisance for astronauts

Orion to face simulated rigors of space in last major testing before Artemis I

Kentucky companies give NASA Artemis missions a boost

TRADE WARS
Huge Volcano on Jupiter's Moon Io Erupts on Regular Schedule

Stony-iron meteoroid caused August impact flash at Jupiter

Storms on Jupiter are disturbing the planet's colorful belts

ALMA shows what's inside Jupiter's storms

TRADE WARS
Researchers mix RNA and DNA to study how life's process began billions of years ago

Looking for alien lurkers

Research redefines lower limit for planet size habitability

First Water Detected on Planet in the Habitable Zone

TRADE WARS
NASA joins last of five sections for Space Launch System rocket stage

Pad 39B water flow test comes through loud and clear

Baikonur Cosmodrome Getting Ready for Last Launch of Russian Rocket With Ukrainian Parts

Aerojet Rocketdyne Scores Big Contracts on US ICBM, Hypersonic Missile Programs

TRADE WARS
China's KZ-1A rocket launches two satellites

China's newly launched communication satellite suffers abnormality

China launches first private rocket capable of carrying satellites

Chinese scientists say goodbye to Tiangong-2

TRADE WARS
Comet's collapsing cliffs and bouncing boulders

Comet gateway discovered to inner solar system

Gigantic asteroid collision boosted biodiversity on Earth

NASA blames bad weather for failure to warn about approaching hazardous asteroid









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.