PMI September exceeds critical point China's economy continues strong recovery

The strong momentum of our economic recovery continued in November this year. According to information released yesterday by the National Bureau of Statistics, the national Manufacturing Purchasing Managers ' Index (PMI) was 55.2%, unchanged from last month.　　The index has been at a critical point for nine consecutive months-more than 50% per cent, indicating a steady pick-up in the overall manufacturing economy. Manufacturing PMI is a comprehensive index consisting of 5 indices, such as new orders, production and inventories. The PMI index is above 50%, reflecting the overall expansion of the economy, below 50%, reflecting the recession. The 5 classification indices that make up the manufacturing PMI are two liters and three falls.　　Among them, production index, raw material stock index rose, new orders, employees, supplier distribution time of the three indicators have declined to varying degrees.　　The survey showed that the purchase price index of major raw materials was 63.4%, up 6.5% from last month, the highest point since last August, indicating that the purchase price of major raw materials in the manufacturing industry continued to rise. Apart from the tobacco products industry, other industries have shown that the purchase price of major raw materials has increased to varying degrees, including the chemical fiber manufacturing and rubber products industry, papermaking and printing industry, petroleum processing and coking, chemical raw materials and chemical products manufacturing, textile industry and other industries major raw materials Purchase price index placed at more than 70% of the high.