The April PMI showed that the foundation for China's economic recovery is not solid enough.
The Chinese economy is headed for troubled waters, with its manufacturing sector shrinking in November for the first time in nearly three years, in a fresh sign of a further economic slowdown that may prompt it to loosen its monetary policy.
The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 53.8 per cent in September, up 2.1 percentage points from August, the China Federation of Logistics and Purchasing said on Friday.
China has become a major supplier of the world's merchandise as approximately $60 billion worth of goods are set to be purchased this year by multinationals like Wal-Mart.
A reading above 50 indicates expansion, while a reading below 50 reflects contraction.
Manufacturing of consumer goods, like food and liquor continued to improve in September.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances