. Earth Science News .
TRADE WARS
China factory activity up after four-month slide
by Staff Writers
Beijing (AFP) March 31, 2019

China's manufacturing sector ended its four-month downward trend in March, official data showed Sunday, but exports continued their long slide in the wake of the Washington-Beijing trade war.

The official Purchasing Managers' Index, a measure of factory activity, rose to 50.5 in March from the previous month's contraction and three-year low of 49.2.

The growth was likely driven by seasonal factors as factories ramped up production after February's Lunar New Year holidays.

Some steel mills and coal power plants also increased output as winter smog restrictions end.

Factory output also grew at its fastest pace in six months in March, China's National Bureau of Statistics reported, but export orders shrank for the 10th straight month amid slowing global growth and as collateral damage in the trade spat the United States.

Over the last eight months, Washington and Beijing have slapped tariffs on more than $360 billion in two-way goods trade, weighing on the manufacturing sectors in both countries.

US and Chinese negotiators wrapped up trade talks in Beijing on Friday ahead of another round next week, when China's economic tsar Liu He will head to Washington to continue discussions on a possible deal.

China has announced a raft of stimulus measures to cushion the impact from it's cooling economy.

Earlier this month, Premier Li Keqiang announced more spending on roads, railways and other big-ticket infrastructure projects, along with tax cuts worth 2 trillion yuan ($297.27 billion) to ease pressure on companies and spur employment.

China announced a lower growth target of 6.0 to 6.5 percent this year, down from 6.6 percent growth in 2018.

prw/gle

TOTAL


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
China banks post profits but warn of instability
Beijing (AFP) March 30, 2019
Chinese banks have posted profits for 2018 but warned that domestic and global uncertainties could put downward pressure on the sector in the coming year. Bank of China (BOC) posted a profit of 192.44 billion yuan ($28.67 billion), up four percent from the previous year, which the company credited to a stable economy and "prudent monetary policy" from the Chinese government. But the sector "will face a complicated operating environment in 2019", BOC said in its annual report filed to the Hong Ko ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Japan to lift evacuation order in town hosting Fukushima plant

40 years after meltdown, Three Mile Island plant may shut down

Anger, grief sweep Iraq's Mosul as ferry disaster toll hits 100

Pentagon authorizes $1 bn for Trump's border wall

TRADE WARS
Adhesive formed from bee spit and flower oil could form basis of new glues

Investigations with neutrons settle scientific dispute about the structure of solid fluorine

Vapor drives a liquid-solid transition in a molecular system

Rapid magnetic 3D printing of human cells

TRADE WARS
Scuba-diving lizard uses recycled air bubbles to stay underwater for 16 minutes

Bluefin tuna passing submerged listening lines help reveal species' survival

Many sharks closer to extinction than feared: Red List

Evidence rogue waves are getting more extreme

TRADE WARS
Tall ice-cliffs may trigger big calving events - and fast sea-level rise

Cold Water Currently Slowing Fastest Greenland Glacier

Ecuador's indigenous fear for wetlands as glacier recedes

NASA's Greenland mission still surprises in year four

TRADE WARS
China expands ban on Canadian canola imports to second firm

China expands ban on Canadian canola imports to second firm

Toxicologist denies manipulating studies in Monsanto damages proceedings

From tree killing beetles to crop disease: Central America's struggles with drought

TRADE WARS
23 dead as Iran battles heavy rain and floods

Up to 500,000 displaced by southern Africa cyclone

Aid workers scramble to get relief supplies to Mozambique cyclone victims

Toll from cyclone-hit southern Africa surges as UN launches health aid

TRADE WARS
Algeria army chief demands Bouteflika be declared unfit to rule

In Mali, jihadists losing grip but peace will take time: French military chief

Indebted cutting-edge hospital in Comoros faces collapse

Dozens dead in Islamist attack in Burkina Faso: HRW

TRADE WARS
Attractive businesswomen considered less trustworthy, surveys suggest

Humans can be tricked just like computers

From stone chips to microchips: How tiny tools may have made us human

Fossil teeth in Kenya help fill monkey evolution record gap









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.