In China, industrial growth has slowed sharply

News

In China, industrial growth has slowed sharply

02.08.2021 News

China’s industrial growth, which began in the country a year ago, has slowed markedly since the crisis caused by the coronavirus pandemic. According to the Purchasing Managers’ Index (PMI) released by the Chinese State Statistics Office on Saturday, July 31, the figure fell to 50.4 points in July. In June, it was 50.9 points.

A PMI level above 50 indicates growth in the industrial sector. The current figure is the lowest since February 2020, when China began to introduce consistently periods of hard lockdown to stop the spread of coronavirus.

Why has China’s industrial growth slowed?

The slowdown in industrial growth in China has contributed to rising raw material prices and logistics costs, delays in world trade, and natural disasters, including floods in central China.

At the same time, analysts expected that the reduction in industrial growth in the country will be minimal and in July the index of procurement managers will be about 50.8 points.

An important role was played by the indicator of industrial exports, which is calculated in PMI by a special article. In China, it fell for three consecutive months and reached a level of 47.7 points in July.

Other articles

Read also

In China, industrial growth has slowed sharply
News

Association of telecom providers USTelecom will appear in federal court in the case of “net neutrality”

The Major Trade Organization USTelecom, which represents the telecommunication companies in the United States, will speak at the court with a lawsuit, demanding for releasing it from the new “net neutrality” rules in the Internet. The new rules of the FCC equate Internet to conventional telecommunication channels and oblige providers equally apply to any traffic […]

Next
In China, industrial growth has slowed sharply
News

Fozzy Group wants to avoid paying debts

According to Interfax-Ukraine, Fozzy Commercial and Industrial Group (CIG) in connection with Trash new retail chain storey creation, has registered LLC Silpo-Food at the beginning of August. According to information in the Single state register of legal entities and individual entrepreneurs, PJSC became the founder of PJSC Closed Undiversified Venture Corporate Investment Fund Retail Capital. […]

Next
In China, industrial growth has slowed sharply
News

Recently was published a book for businessmen who want to start business in Poland

Many Ukrainian investors and businessmen have a great interest in working abroad. They dream of having their own business, but many of them have a lot of questions about how to start and organize their work abroad? They don’t have sufficient knowledge regarding law and special procedures for the organization of business. For those who […]

Next
In China, industrial growth has slowed sharply
News

BlackBerry shares have soared. The company will start working with Amazon

Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. TechCrunch writes that together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The […]

Next
In China, industrial growth has slowed sharply
News

Polish gas company PGNiG has appointed a new chairman

The Polish oil and gas company PGNiG has appointed Pavlo Majewski chairman of the board. The previous chairman, Jerzy Kwieciński, worked for less than a year. “The company’s supervisory board has decided to appoint Pavlo Majewski as the chairman of the board of PGNiG from November 12, 2020 for a term until January 10, 2023”. […]

Next
In China, industrial growth has slowed sharply
News

Gaming giant Zynga bought rival game developer Peak Games for $1.85 billion

American company Zynga Inc. that creates popular social network games has closed a deal to buy everyone in circulation in the shares of the Turkish Peak Games. It is reported that the payment was almost equal to the funds and ordinary shares of the company. As part of the operation, Zynga received two franchises from […]

Next
In China, industrial growth has slowed sharply
News

The ranking of the best airlines in the world in a pandemic has been announced

AirlineRatings.com named Qatar Airways the airline of the year. As reported on Tuesday, July 27, the rating of Top Airlines in the World takes into account flight safety, on-board service, passenger comfort and flight routes, as well as the response of airlines to the COVID-19 coronavirus pandemic. Qatar Airways was recognized as the best airline […]

Next
In China, industrial growth has slowed sharply
News

Intel’s net profit for 9 months increased by 6.3%

Net profit of the American company Intel, one of the world’s largest manufacturers of computer components, in the first nine months of 2020, which ended on September 26, rose from 6.3% to $ 15.042 billion, according to the company press release. Adjusted earnings per share for the reporting period were $ 3.52 against $ 3.14 […]

Next
In China, industrial growth has slowed sharply
News

The Moderna vaccine has been tested. It can be approved at an accelerated rate

Reuters reported, In Switzerland, the procedure of accelerated testing of Moderna vaccine has started. This will allow to approve the drug if it passes all clinical trials. “Swissmedic can get an initial idea of the benefits and risks of vaccine candidates before the study is completed. This speeds up the review process and at the […]

Next
In China, industrial growth has slowed sharply
News

Ferrari officially separated from the Fiat Chrysler

The head of Fiat Chrysler officially announced  about the separation of Ferrari  on January, 4, 2016, during the  entering the Milan stock exchange. For the first time in 47 years Ferrari gained its independence,  showing up as a separate from the Fiat Chrysler company. Head of Fiat Chrysler said in an interview that Ferrari had […]

Next
In China, industrial growth has slowed sharply
News

French media group Publicis will invest in 90 StartUps, including from Ukraine

Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project.  One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: ​​ to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]

Next
In China, industrial growth has slowed sharply
News

Saudi Aramco has stopped investing in a petrochemical complex in China

According to Bloomberg sources, state oil company Saudi Aramco of Saudi Arabia has stopped investing in a project of building oil refinery and petrochemical complex in China, estimated at $ 10 billion. The decision to terminate the investment was made after talks with Chinese partners and it is associated with high uncertainty about the prospects […]

Next
In China, industrial growth has slowed sharply
News

Novavax American company in the Czech Republic will make 1 billion vaccine COVID-19

Half of the 2 billion doses of coronavirus vaccine that the American company Novavax intends to develop, will be manufactured at its Czech plant Praha Vaccines, said on Tuesday at a press conference the Prime Minister of the Czech Republic Andrej Babiš, who visited this enterprise near Prague. “Novavax wants to produce 2 billion coronavirus […]

Next
In China, industrial growth has slowed sharply
News

Johnson & Johnson plans to complete the third phase of trials of the COVID-19 vaccine in January

Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]

Next
In China, industrial growth has slowed sharply
News

Ukraine’s economic downturn has slowed sharply

The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]

Next
In China, industrial growth has slowed sharply
News

JPMorgan could pay a record of $ 1 billion for the manipulating traders in the markets

Right away three the U.S. agencies announced on Tuesday, Sept. 29, to reach the agreement with JPMorgan Chase for the end of the criminal prosecution of the bank in exchange for the payment of multimillion fines. In total, the company must pay the US government more than $ 920 million. Statement from the Freight Exchange […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com