Current location:Earth Explorer news portal > style
Commentary: Recovery momentum of Chinese economy strengthened
Earth Explorer news portal2024-04-30 06:31:20【style】1People have gathered around
Introduction(Xinhua) 16:49, April 03, 2024BEIJING, April 3 (Xinhua) -- The recent upturn in multiple economic in
BEIJING, April 3 (Xinhua) -- The recent upturn in multiple economic indicators signifies a strengthening recovery momentum in China's economy, injecting new impetus into the global economy.
The purchasing managers' index (PMI) for China's manufacturing sector was 50.8 in March, ending five consecutive months of contraction, according to the National Bureau of Statistics (NBS).
A reading above 50 indicates expansion, while a reading below 50 reflects contraction. The March figures are seen as an encouraging sign in terms of business outlook, especially in production and demand.
Notably, in March, the non-manufacturing business activity index and the composite PMI output index came in at 53.0 and 52.7, respectively, up 1.6 and 1.8 percentage points, respectively, from the previous month, and both were also in expansion territory.
The simultaneous rebounding of these three major indices shows that the Chinese economy has continued its momentum of recovery and growth, with internal drivers of development built up, public expectations further improved, and solid progress achieved in high-quality development.
These figures also confirm that the country's policies aimed at stabilizing growth and boosting market confidence are taking effect.
China's economic vitality is further reflected by the status of small and medium-sized enterprises, which are major creators of job opportunities. The PMI of these two categories returned to the expansion range in March after 11 consecutive months of contraction.
Other figures also point to a good start in 2024. China's imports and exports of goods expanded 8.7 percent year on year in the first two months of the year -- with exports returning to double-digit growth.
China is targeting a GDP growth rate of around 5 percent for this year. The recent uplifting statistics add to the confidence that the target of the world's second-largest economy can be achieved through continued and determined efforts.
Address of this article:http://sudan.whetstonetavern.com/html-43a199915.html
Very good!(67834)
Related articles
- Emily Henry interview: The secret to having a healthy relationship with love
- Xi highlights advancement in education
- Cultural exchange activities on BRICS cooperation held in South Africa
- In pics: Wudongde hydropower station in SW China
- Chinese, Cambodian martial artists make joint performance at famed Angkor
- Tibetan incense brings wealth to town of SW China's Xizang
- 'Taylor Swift must be getting sick of this': Travis Kelce is SLAMMED over 'cringe' beer
- 2024 New York International Auto Show kicks off
- Who is Humza Yousaf's wife Nadia El
- Michael Busch homers in his 4th straight game to power the Cubs past the Mariners 3
Popular articles
Recommended
Egyptian, Chinese students mark UN Chinese Language Day in Cairo
China's second
Tibetan incense brings wealth to town of SW China's Xizang
Program targets lunar resources
Stunning Michigan castle near Detroit hits market for $2.3M
TV series spotlights young love for older woman
Tibetan incense brings wealth to town of SW China's Xizang
Tourism boom promotes revitalization of intangible cultural heritage
Links
- Explosion kills 3 including 2 children in Myanmar's Yangon
- Federal judges: West Virginia, North Carolina's transgender care policies discriminate
- Chinese FM meets with chairman of MSC Foundation
- I know who killed Jill Dando, says her Crimewatch co
- I know who killed Jill Dando, says her Crimewatch co
- United Methodists prepare for votes on lifting LGBTQ bans and other issues at General Conference
- Who is Humza Yousaf's wife Nadia El
- Entire mall in Georgia is closed after 'shots are fired inside
- Sri Lanka expresses hope to join BRICS+
- Chinese scientists use machine learning for precise Antarctic sea ice prediction