
China's manufacturing activity dropped to a seven-month low, according to the HSBC's preliminary purchasing managers' index (PMI) released on Tuesday.
The HSBC flash manufacturing PMI for December dropped to 49.5 from November's final reading of 50, HSBC said in the report.
A reading above 50 indicates expansion, while a reading below that represents contraction.
"The manufacturing slowdown continues in December and points to a weak ending for 2014. The rising deflationary pressures, which fundamentally reflect weak demand, warrant further monetary easing in the coming months," said HSBC chief China economist Qu Hongbin.
Data from the National Bureau of Statistics showed that the consumer price index, a main gauge of inflation, rose 1.4 percent in November, the slowest pace in five years, indicating weak aggregate demands.
The country's gross domestic output (GDP) expanded by 7.3 percent year on year in the third quarter of this year, the slowest quarterly growth since the first quarter of 2009.
Its GDP growth for 2014 may stand at 7.4 percent, in line with the government's annual target of around 7.5 percent, according to a research group led by Ma Jun, chief economist of the central bank's research bureau.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor