China's June PMI shows economy stabilizing  

统计局：制造业平稳向好 推动PMI上升动力不均衡

据国家统计局网站消息，6月中国制造业采购经理指数(PMI)为51.0%，连续4个月回升。国家统计局服务业调查中心高级统计师赵庆河解读时指出，该数据表明我国制造业继续保持平稳向好的态势。[查看全文]

(ECNS) – China's official Manufacturing Purchasing Managers index (PMI) for June rose to 51 from 50.8 in May, according to the National Bureau of Statistics (NBS) on Tuesday, indicating that the economy is stabilizing.

Zhao Qianghe, a statistician with the NBS, said the PMI shows that fine-tuning policies this year to stabilize the economy have become effective.

The survey also shows that nine out of 12 sub-indices point to improvements from last month.

The sub-index for export orders moved up to 50.3 from 49.3 in May, partly due to the recovery of developing countries and domestic policies to facilitate trade.

The PMI also shows that new orders, a measure of foreign and domestic demand, edged higher to 52.8 from 52.3 in May, the highest reading since October 2013.

However, the sub-indices for imports and employment are still under the threshold of 50, meaning a contraction in these particular sectors.

Separately, the HSBC/Markit purchasing managers' index (PMI) for June, also released Tuesday, rose to 50.7 from May's 49.4.