China's economic overall is in the expansion period

PMI growth trend in China's overall economic expansion (economic trend) Our correspondent Du Haitao the August 2010 China Manufacturing Purchasing Managers Index (PMI) released by the China Logistics and Purchasing Federation (CFLP), said Laid-off, director of the Macroeconomic Research Institute of the Chinese Academy of Economic Sciences,　　The August PMI was 51.7%, up 0.5% from last month, indicating that our economy is generally in a period of expansion and that economic growth is on the rise. Typically, the PMI index is above 50% per cent, reflecting the overall expansion of the economy, below 50%, reflecting the recession, Laid-off said.　　According to the 11 index of PMI in China in August, China's economy showed a steady and slightly rising basic situation. Compared with last month, the August production index, the New Order index, the new export Order index, the backlog index, the purchase price index and the supplier distribution time index increased, with the New Order index, the new export Order index, the backlog index and the purchase price index increasing by more than 1%, in particular the biggest increase in the price index,　　Reached 10.1%.　　Earlier, the PMI index in 5, 6, 73 months consecutive decline, and in July reached a 17-month low of 51.2%, the market for the future trend of China's economy has raised concerns. Cai Jin, vice president of China Logistics and Purchasing Federation, said that the reasons for the successive declines in the PMI index since May should be analyzed specifically, in which May and June were mainly due to a drop in the index of new orders, while the July PMI decline was caused by the decline in production index, which led to a large decline in the　　This is the result of macro-control.　　Experts said that the current overall economic expansion in China, can be from the PMI four specific data to investigate. First, the New Order index rebounded. The New Order index for August was 53.1%, up 2.2% from last month.　　In 20 industries, agricultural and sideline products processing and food manufacturing, petroleum processing and coking industry, special equipment manufacturing, beverage manufacturing, tobacco industry and other industries are above 50%. Second, the production index steadily slightly rose. The August production index was 53.1%, up 0.4% from last month.　　20 Industries, beverage manufacturing, metal Products industry, petroleum processing and coking industry, etc. to achieve more than 50%.　　The new export order index for August was 52.2%, up 1% from last month. Third, the finished product inventory index continued to decline, the decline widened. The August Production Inventory index was 46.9%, down 3% from last month. Sub-industry, 20 industries, petroleum processing and coking industry, chemical fiber manufacturing and rubber plastic products industry, such as more than 50%.　　Telecommunications equipment, computers and other electronic equipment manufacturing industry, such as less than 50%. Four, the purchase price index rebounded sharply. The price index for purchases this month was 60.5%, up 10.1% from last month. In 20 industries, only the oil processing and coking industries are below 50%, and the rest are above 50%, including11 industries reached more than 60%.　　In terms of product types, intermediate goods and consumer goods enterprises have reached more than 60%, raw materials and energy and production of manufactured goods enterprises slightly lower, respectively, 59.1% and 57.2%. At present, China's overall economic expansion of the situation, the market early fears of economic growth may be a deep correction is a timely correction. Zhang Liqun, a special analyst with the China Logistics and Purchasing Association, said: "A modest rebound in the August PMI index bodes well for the Chinese economy." From the demand factors supporting economic growth, foreign trade exports have recovered strongly since this year, consumption growth is generally stable and investment growth has fallen, but the level of growth is still above 20%. At present, the state of the national economy is relatively stable, continue to the direction of macro-control expectations, the August PMI index changes reflect this trend. "In addition, Zhang Liqun reminded that the August purchase price index significantly increased, may be a considerable pressure on corporate costs, but also put pressure on the CPI." Sub-industry, the rapid growth of the price index is mainly agricultural and sideline products processing industry and food processing industry.