October China PMI accelerates 55.2% rally

Shanghai, November 1 (Xinhua) China's Logistics and Purchasing Association 1st released China's October manufacturing Purchasing Managers Index (PMI) of 55.2%, up 0.9% from the previous month, a rise of 0.6% compared to September, the rally has accelerated, showing a series of "growth-guaranteed" macro-control policies under the role of　　, the current Chinese economy has been basically ironed by the international financial crisis caused by the abnormal fluctuations, the future will move towards a stable and rapid development of a new track. In terms of the index, the stock index of finished goods, the purchase price index, the employee index and the supplier distribution time index fell, while the remaining indices rose more markedly, mostly over 1%, with the increase of the import index as the largest, to 2.1%.　　Among the four declines, the finished product inventory index fell by a large 2.1%, with the rest falling less than 1% per cent. In the sector, of the 20 industries in October, only 1 were below 50%, the remaining 19 were higher than 50%, and 2 were above 60%.　　From the type of products, raw materials and energy, intermediates, consumer goods and production of manufactured products are relatively high, all reached about 55%. Among them, the production activities of the manufacturing industry is accelerating, the contribution to the economic growth continues to rise.　　The manufacturing output index, which reached 59.3% in October, was the highest level since May last year. Secondly, from the domestic demand, is released gradually, the gradual amplification situation. The October manufacturing New Order index rose markedly, to 58.5%, up 1.7% from last month, and for the first time in four months more than 1%.　　The recent surge in import indices, which reached 52.8% in October, Rose 2.1% from last month, the highest since April, and indirectly reflects the acceleration of domestic demand. According to the survey of manufacturing purchasing managers in October, Zhang, a researcher of macroeconomics at the Development Research Center of the State Council, said: "The October PMI index continued to move higher, reflecting China's continued upward growth in the rising channel." In view of the soaring import index, domestic demand is accelerating. In addition, processing trade exports will also accelerate the future growth, the new export order index continued to rise has been reflected in advance. All this bodes well for further growth in the future. ”