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1 January 2018
 |
| China (The Total Investment & Insurance Solutions) |
Manufacturing in China grew at a
slightly slower pace in December than the previous month, a Chinese government
survey showed Sunday, following government controls on bank lending.
The National
Bureau of Statistics reported that the country's manufacturing purchasing
managers' index fell to 51.6 from 51.8 in November.
The index is
based on a 100-point index on which the 50 mark divides expansion from
contraction. The
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The survey
found production and new orders were only slightly lower than in November but
at 54 and 53.4 showed steady growth.
Zhao Qinghe, a
senior statistician with the National Bureau of Statistics, said the data
showed a continued improvement in the economic environment at home and abroad. The Total Investment & Insurance
Solutions
The PMI is a
widely watched indicator of essential parts of China's economy, which expanded
at a still-robust 6.8 percent annual pace in the third quarter.
The latest
economic growth rate is a tick lower than the 6.9 percent growth in the
previous three-month period.
The Total Investment & Insurance Solutions
Chinese
economic growth has been unexpectedly strong this year, but economists forecast
activity will weaken as Beijing tightens up on bank lending to clamp down on
rising debt that analyst say is the biggest threat to the country's economic stability. The Total Investment & Insurance
Solutions
Since then,
regulators have tightened controls over asset management companies and reined
in the growth.
Analysts also
expect that manufacturing growth will also be affected in the coming months by
restrictions on factory production in some areas and especially in heavy
industries to reduce pollution.The
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