Related News
Service activity index rises in Feb
Online Edition
China's service activity among private companies strengthened in February, in line with the performance of their state-owned counterparts, a survey showed this morning.
The HSBC China Services Business Activity Index, a gauge of operating conditions in private service companies, posted 51 last month, up from 50.7 in January, according to HSBC Holdings plc and consulting firm Markit.
A reading above 50 means expansion, and the latest index signaled faster expansion in the service sector though growth remained marginal.
In comparison, China's official non-manufacturing Business Activity Index, compiled by the China Federation of Logistics and Purchasing and slanted toward state-owned enterprises, rose 1.6 points from a month earlier to a three-month high of 55 in February, the National Bureau of Statistics said on Monday.
Qu Hongbin, chief economist for China at HSBC, said the indices suggest service sector growth is stabilizing, albeit at a relatively low level.
"However, combined with the weaker manufacturing Purchasing Managers' Index, the overall strength of economic growth is moderating and this is starting to weigh on employment growth," Qu said.
He said policymakers "can and should fine tune policy to avoid growth deceleration in the first half of this year."
The latest data indicated divergent trends across manufacturing and service sectors, reflecting China's efforts to restructure the economy that create assessment difficulties.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
