. | . |
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.
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
|
|
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. |