Official Manufacturing PMI for March 50 2 real estate market rebound brought

Photo: vision China Hard the zombie state owned enterprises go bankrupt

Latest macroeconomic data showed signs of improvement in the Chinese economy.

Data released by the National Bureau on April 1 said March Manufacturing PMI was 50.2%, up 1.2% than last month, which is more than back to the boom and bust line for the first time since last August.

From the perspective of enterprise scale, large PMI was 51.5%, up 1.6% than last month, rose above the critical point; medium business PMI was 49.1%, up 0.1% than last month, continued is below the critical point; small business PMI was 48.1%, up 3.7% than last month, remains in the contraction interval.

From index, forming 5 classification of the PMI index of manufacturing, production, new orders, supplier delivery time index is higher than the critical point, employing index and raw materials inventory index below the tipping point. Among them, the new orders index was 51.4%, up 2.8% than last month, returning to the expanded range, suggesting that manufacturing market demand picks up.

Zhao Qinghe interpretation of statistics sector research centre senior statisticians said March manufacturing run has the following characteristics, first, businesses started after the Spring Festival, as well as the supply side of recent structural reforms to accelerate manufacturing production and market to pick up.

In addition, China manufactures and markets demand rebounded back expansion, and international commodity price shocks rebound and parts of important means of production circulation prices continue to rebound, business procurement activities to become more active.

Zhao Qinghe pointed out that China continued to actively promote structural adjustment, the manufacturing sector continues to high-end, effective investment in strengthening the recent rebound in fixed asset investment, the real estate market picks up and brings certain effects on production and consumption.

Also announced on the same day was recorded in the March purchasing managers pointed out that new financial 49.7 in February, representing a sharp rebound in 1.7%, to 13-month high, but still below 50 for 13 straight months of boom and bust line.

Chief said he fan, an economist at caixin media, good data to show that the stimulus effect gradually in the early play, in view of the recovery is still not very clear, the Government should continue to maintain an appropriate degree of stimulus, led the market's confidence.

CITIC's analysis is considered March PMI returned to flourish online, cycle recovery to come. The PMI rebounded well ahead of historical seasonal factors, the PMI rebound will continue, forecast March industrial added value and measuring the output gap will be bottoming out.

Central Government recently on many other occasions, including the Boao Forum for Asia expressed confidence in the Chinese economy, is a series of steady growth with corresponding measures have been "released".

Public information display, since the opening years, decision-making body has issued a lower down payment, adjusted tax and business tax incentives, initiatives such as the increase in CPF interest rates power the real estate industry to inventory, and general decline since March 1 financial institutions deposit reserve requirement ratio 0.5%.

Premier Li said, small short-term fluctuations in China's economic restructuring process it is difficult to avoid, but the long-term fundamentals have not changed for the better, this year started smoothly. And once the economy slipping out a reasonable interval, will be decisive to take comprehensive measures to prevent the stall, keep the economy running at a reasonable interval.