China's manufacturing industry continues to rebound steadily

October PMI created 18-month new News (reporter Shing Intern Pengting) The steady expansion trend of China's manufacturing industry further enhanced. The National Bureau of Statistics yesterday released a October nationwide manufacturing Purchasing Managers index (PMI) of 55.2%, higher than last month's 0.9%, the highest point since May 2008, hitting a 18-month high and a eight-month-long line above 50%.　　Experts say PMI tends to be ahead of the real-economic index for three months, and it now looks optimistic in the fourth quarter of this year. Data show that the PMI indices in October generally showed a positive trend.　　In comparison with last month, the stock index of finished goods, the purchase price index, the employee index and the supplier distribution time index fell, the remaining indices all rose, the increase was more obvious, more than 1%. Among them, the increase in import index was the largest, rising to 52.8%, up 2.1% from last month, the highest since April last year.　　Among the four declines, the finished product inventory index was 43.4%, down 2.6% from last month. "The October PMI did not rise in the slightest by seasonal negative effects, indicating a strong economic recovery."　　"China International Finance Co., Ltd., chief economist, said in a November 2 macroscopic weekly Report, the improvement of import index indicates strong investment demand, while the production of finished goods inventory to the lowest level of history shows sales are hot, future enterprises will further increase production." Zhang, a special analyst with the China Logistics and Purchasing Federation (CFLP), said the PMI index continued to rise in October, reflecting China's continued upward growth in the rising channel. The surge in import indices suggests that domestic demand is accelerating. In addition, the continued rise in the new export orders index also indicates that processing trade exports will accelerate growth.　　The level of future economic growth will continue to increase, and the economic growth rate of four quarters is expected to reach about 9.5%. Ms Ulrich, JPMorgan's China Securities and Commodities chairman, also points out that domestic manufacturing activity is expanding and boosting macroeconomic growth.　　Public investment is expected to flatten over the next few months, with private property investment, domestic demand and a rebound in exports to be the main players for further manufacturing activity. The CICC macroeconomic research team predicts October industrial growth will hit a new 2009-year high to 15.2%, while seasonal factors could lead to a sharp slowdown in October for new loans to 150 billion to 200 billion yuan, but will rebound markedly in November and December, Annual new loans still reach 9.5 trillion to 10 trillion yuan.