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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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  • By Chen Jia And Wang Yanfei(China Daily)2017-10-19 07:12

    Central bank to press ahead with efforts to internationalize currency Yuan exchange rates will have a more stable foundation after the 19th National Congress of the Communist Party of China and the market will have a bigger role in determining the currency's value, a top central bank official said o...

  • (Xinhua)2017-10-17 09:41

    BEIJING - China's fiscal revenue and expenditure both registered steady growth in the first three quarters of this year on the back of strong economic growth. Fiscal revenue rose 9.7 percent year on year to 13.41 trillion yuan ($2 trillion) in the first nine months, the Ministry of Finance said Mond...

  • By Cai Xiao(China Daily)2017-10-16 08:04

    Investors cheer stock market's glad tidings at a brokerage in Changshu, Jiangsu province. [Qu Xing/for China Daily]RRR cut, ample liquidity, profit forecasts, fund launches lift mood China's A shares will likely shine brighter this month onward on the back of the central bank's Sept 30 cut to its re...

  • (Xinhua)2017-10-14 10:23

    BEIJING — China's goods trade has had a "sound and steady" performance in the first three quarters of this year, mainly due to rising international demand and a strong Chinese economy. China's goods trade volume rose 16.6 percent to 20.29 trillion yuan ($3.08 trillion) in the first three quarters ...

  • (Xinhua)2017-10-14 10:00

    Workers with the power supply company in Chuzhou, Anhui province, check the transmission network under the State Grid before it is connected with a local wind power farm. SONG WEIXING / FOR CHINA DAILYBEIJING — China's electricity consumption in September grew at a faster pace, adding to evidence ...

  • (Xinhua)2017-10-13 14:37

    BEIJING — China's heavy truck manufacturers continued to see strong sales in September amid continued stabilization of the Chinese economy and steady growth in the manufacturing sector. Heavy truck sales surged 91 percent year-on-year to 101,100 units last month, data from the China Association of...

  • By Oswald Chan In Hong Kong(China Daily)2017-10-10 07:15

    Although the Hong Kong stock market retreated 0.46 percent on Monday, it still stood firmly above 28,000 points after the city's benchmark stock index gauge last week soared to the highest level of the past three years, citing the city's strong economic fundamentals and other positive factors. On Mo...

  • By Cai Xiao(China Daily)2017-10-10 07:15

    Investors study the market at an exchange in Nantong, Jiangsu province. XU CONGJUN / FOR CHINA DAILYShanghai Index hits 3,410 in morning; Shenzhen bourse climbs by 1.6 percent Chinese mainland A-share stocks hit 21-month highs on Monday morning after a weeklong National Day holiday, benefiting from ...

  • (Xinhua)2017-10-09 10:26

    BEIJING - China's service sector growth slowed in September, as a private survey showed Monday that an index for the sector fell to the lowest in 21 months. The Cain General Services Purchasing Managers Index (PHI) slipped to 50.6 in September from 52.7 in August, according to the survey conducted b...

  • By Chen Jia(China Daily)2017-10-09 07:06

    Despite tighter global cash liquidity, China's monetary authority feels more confident in its decision to fine-tune rules making it easier for some commercial banks to lend to small businesses and rural borrowers, thanks in part to strong expectations for the economy, a senior central bank official ...

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