BEIJING (AP) – China’s manufacturing held steady in May, a survey showed Monday, adding to signs a post-pandemic rebound is leveling off.
A monthly purchasing managers’ index issued by an industry group and the national statistics agency stood at 51 on a 50-point scale on which numbers above 50 show activity increasing. That was little-changed from April’s 51.1.
Measures of production and imports rose while new orders and employment declined, according to the China Federation of Logistics & Purchasing and the National Bureau of Statistics.
That indicated “market demand is insufficient,” economist Zhang Liqun said in a statement released by the Federation.
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China will support couples who wish to have a third child, as the aging of the country s population has been increasing in extent in recent years.
Chinese people aged 60 or above accounted for 18.7 percent of the country s total population in 2020, 5.44 percentage points higher than that in 2010.
The new policy, aimed at raising China s fertility rate, meets the needs of building a birth-friendly society.
China will support couples who wish to have a third child, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee held on Monday.
Implementing the policy and its relevant supporting measures will help improve China s population structure, actively respond to the aging population, and preserve the country s human resource advantages, the meeting said.
Factory activity in China nudged down slightly in May on slower demand and higher raw material prices, while the services industry boomed over the Labour Day break, official data showed Monday. The Purchasing Managers' Index (PMI), a key gauge of China's manufacturing activity, was 51.0 slightly down from 51.1…
China s economy kept up its solid recovery in May as manufacturing activities remained elevated, but the rising prices of raw materials are putting pressure on demand and deserve attention, officials and experts said on Monday.
May s official purchasing managers index for China s manufacturing sector came in at 51, compared with 51.1 in April, well above the 50 mark, indicating expansion, the National Bureau of Statistics said on Monday.
The PMI reading changed little from the previous month and the sector continued to fare better than in the same period of 2019 and 2020, showing that the manufacturing sector has maintained steady expansion, said Zhao Qinghe, an NBS statistician.