The country's industrial sector is returning to pre-pandemic levels, but recovery remains uneven. FMTNews China
August 31, 2020 10:28 AM
The official manufacturing Purchasing Manager’s Index fell slightly to 51 in August from 51.1 in July, data from the National Bureau of Statistics showed on Monday.Analysts had expected it to pick up a touch to 51.2. “In addition, some companies in Chongqing and Sichuan reported an impact from the heavy rains and floods, resulting in a prolonged procurement cycle for raw materials, reduced orders and a pullback in factory production.”
Investment bank HSBC expects China’s economy would grow by 5.4% in the third quarter from the same period a year ago, followed by a 6.2% expansion in the fourth quarter, returning China’s growth to pre-Covid levels.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India: 12 killed in Odisha floods, August records highest rainfall in 44 yearsNEW DELHI, Aug 29 (Xinhua): At least 12 people were killed in floods and rain-related incidents in India's eastern state of Odisha, officials said on Saturday.
Read more »
Licence renewal exemption to end on August 31 | The Malaysian Insight'Licence renewal exemption to end on August 31' Malaysians have until September 30 to renew their driver’s licence and motor vehicle licence as the existing exemption granted in March will expire on August 31.
Read more »
Xi says China to step up efforts to fight ‘splittism’ in Tibet | Malay MailSHANGHAI, Aug 29 — China must build an “impregnable fortress” to maintain stability in Tibet, protect national unity and educate the masses in the struggle against “splittism”, President Xi Jinping told senior leaders, state media said on Saturday. China seized control over Tibet in 1950...
Read more »
Chinese national arrested in US probe of possible transfer of software to China | Malay MailWASHINGTON, Aug 29 ― A Chinese national who is a researcher at a California university was arrested and charged with destroying a computer hard drive during an FBI investigation into the possible transfer of sensitive software to China, the US Justice Department said yesterday. Guan Lei, 29, of...
Read more »
Aussie midfielder Mooy moves to China from Brighton | Malay MailLONDON, Aug 28 — Australia midfielder Aaron Mooy has joined Chinese Super League club Shanghai SIPG from Brighton for an undisclosed fee, the English club said on Friday. Mooy’s move, which is dependent on international clearance, comes after he helped Brighton avoid relegation from the Premier...
Read more »