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Purchasing Managers' Index, or PMI, is an economic indicator derived from monthly surveys of private sector companies. China's manufacturing PMI has stayed above the boom-bust line of 50 percent for 10 months in a row since September 2012, according to data from the China Federation of Logistics and Purchasing.
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  • (China Daily)2017-06-27 07:58

    Govt and policies Express delivery spending up in 2016 Chinese customers spent more on express delivery services last year, while average delivery costs continued to decline, according to an industry report. Average spending in China on express delivery stood at 287 yuan ($42) last year, up 42.7 per...

  • By Xin Zhiming(China Daily)2017-06-07 08:02

    International organizations and investment banks have remained upbeat about China's economic growth prospects, with analysts saying the country is set to achieve its annual growth target.The World Bank said in a report on Sunday that China's year-on-year GDP growth will reach 6.5 percent, unchanged ...

  • (Xinhua)2017-06-06 15:45

    BEIJING — Despite rising expectations of a US Federal Reserve rate hike, the Chinese yuan has soared back unexpectedly since last week encouraged by a new yuan-dollar pricing formula and resilient economy. The yuan's central parity rate against the US dollar on Tuesday strengthened for the fifth t...

  • (China Daily)2017-06-06 07:25

    Key reforms and new drivers should help maintain acceptable growth BEIJING - Economic growth may slow as China continues moves to contain debt and financial risks. But a steep decline is unlikely due to a buttressing effect from reforms and burgeoning new growth drivers. Fresh data showed that despi...

  • (Xinhua)2017-06-05 09:21

    BEIJING - As China continues its moves to contain leverage and financial risks, its growth may slow, but a steep decline is unlikely due to a buttressing effect from reforms and burgeoning new growth drivers. Fresh data showed that despite an overall picture of stabilizing growth, signs of weakening...

  • (Xinhua)2017-06-05 09:19

    BEIJING - China's logistics activity remained stable in May as the economy continued to stabilize, official data showed. The logistics performance index for May came in at 57.7 percent, retreating 0.5 percentage points from a month earlier, according to the China Federation of Logistics and Purchasi...

  • (Xinhua)2017-06-02 10:20

    BEIJING - While the official May manufacturing data added evidence to an overall picture of a stabilizing Chinese economy, a private survey has found warning signs of contraction. The Caixin China General Manufacturing Managers' Index (PMI) slipped to 49.6 in May from 50.3 in April, according to the...

  • By Wang Yanfei(China Daily)2017-06-02 08:40

    Bank may introduce 'counter-cyclical factor' in setting the yuan-dollar rate The central bank's preemptive move to fine-tune the renminbi's pricing model will help ease the selling pressure facing the currency in the second half of the year, after helping push up the yuan on Thursday, analysts said....

  • By Xin Zhiming And Wang Yanfei(China Daily)2017-06-01 07:54

    The economic activities of China's manufacturing and services sectors remained stable in May despite the country's tightening of financial regulatory policies, which has caused market concerns about slowing the economy.The official manufacturing purchasing managers index stood at 51.2 in May, which ...

  • (Xinhua)2017-05-31 09:55

    BEIJING — China's non-manufacturing sector expanded at a faster pace in May, official data showed Wednesday. The non-manufacturing purchasing managers' index came in at 54.5 in May, up from 54 in April, according to the the National Bureau of Statistics (NBS). A reading above 50 indicates expansio...

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