. Earth Science News .
TRADE WARS
China manufacturing activity accelerates in March
by Staff Writers
Beijing (AFP) March 31, 2018

Manufacturing activity in China accelerated in March, according to official data released Saturday, exceeding forecasts as factories increased production with the end of seasonal anti-pollution measures.

The Purchasing Managers' Index (PMI), which is published by the National Bureau of Statistics, rose to 51.5 in March compared with 50.3 in February and 51.3 in January.

The index is considered a key indicator of future trends in the world's second-largest economy. A PMI of over 50 indicates expansion, and a figure below 50 points to contraction.

Zhao Qinghe, a senior statistician at the NBS, attributed the PMI rebound to the resumption in manufacturing and orders after a long holiday season in China, the official Xinhua news agency reported.

The acceleration is also linked to "stronger foreign trade, better industrial structure, and increased business purchasing activities", Zhao said.

Manufacturing activity took a dip earlier this year because of restrictions placed on factories by Chinese authorities to curb air pollution, in addition to separate government efforts to slash excess industrial capacity.

The threat of a trade war between China and the United States, following the imposition of tariffs and sanctions by President Donald Trump, may also have impacted the higher-than-expected rise in activity.

"Exporters would speed up their shipments in order to avoid high tariffs on some products," Raymond Yeung, an economist at the Australia and New Zealand Banking Group, told Bloomberg News.

A separate manufacturing index, calculated independently by the Caixin media group, will be published on Monday.


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
Switzerland at epicentre of cryptocurrency revolution
Zurich (AFP) March 29, 2018
Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action. The country's largest city, Zurich, set up its first bitcoin ATM four years ago, while the Swiss national rail company has since 2016 provided the possibility of purchasing the virtual currency at over 1,000 distributors across the country. Just a half-hour drive from Zurich is the small town of Zug, which ... 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
In 'city of shanasheel', Iraqi heritage crumbles from neglect

UN chief hits out at Myanmar army chief over Rohingya comments

Land decay to displace tens of millions, global survey warns

In the heart of Navajo country, pupils work for greener future

TRADE WARS
Taming chaos: Calculating probability in complex systems

Researchers create microlaser that flies along hollow optical fiber

Pressing a button is more challenging than appears

Femtosecond laser fabrication: Realizing dynamics control of electrons

TRADE WARS
Marine exploration sensing with light and sound

Ultra-thin sun shield could protect Great Barrier Reef

Reducing collateral damage of endangered bycatch

Low-tech, affordable solutions to improve water quality

TRADE WARS
UNH researchers find landscape ridges may hold clues about ice age and climate change

Another season, another historic low for Arctic wintertime sea ice

Germany was blanketed by ice some 450,000 years ago

Geoengineering polar glaciers to slow sea-level rise

TRADE WARS
Scientists to publish first-ever land health report

Absence of ants suggests first Saharan farming 10,000 years ago

French food fest wants to whet the world's appetite

UN and EU say food insecurity worsens as conflicts rage

TRADE WARS
6.4 quake off eastern Indonesia, tsunami alert lifted

Seismologists introduce new measure of earthquake ruptures

20 dead as powerful storm hits Madagascar

17 die in Madagascar tropical storm

TRADE WARS
Canada aims for August Mali deployment of Blue Helmets: minister

In war-torn C.Africa, Russia trains army in weapons use

Chad soldier, 20 Boko Haram fighters killed in clash: army source

Estonia to send 50 troops to reinforce French-led Mali mission

TRADE WARS
Progress in quest to develop a human memory prosthesis

When the Mediteranean Sea flooded human settlements

Scientists discover evidence of early human innovation, pushing back evolutionary timeline

New insights into the late history of Neandertals









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.