Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/1/2012 (1 year ago)

Catholic Online (www.catholic.org)

Productivity now at three-month high; analysts cite economic momentum

After a three-month slump, productivity and manufacturing in China has enjoyed a spike. While things seem to be on an even keel now, there still lingers the three slowest months ever that the Asian giant experienced earlier this year.

Chinese policymakers 'have stepped up to the plate' by taking steps to boost economic growth by way of infrastructure spending and monetary easing.

Chinese policymakers "have stepped up to the plate" by taking steps to boost economic growth by way of infrastructure spending and monetary easing.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/1/2012 (1 year ago)

Published in Asia Pacific

Keywords: China, productivity, economic slowdown, leader change


LOS ANGELES, CA (Catholic Online) - The Purchasing Managers' Index (PMI) rose to 50.2 last month from 49.8 in September, government data showed. China's economy has suffered as requests for its export goods in other markets have suffered.

The brighter economic outlook comes a week before the once-in-a-decade leadership change.

China's economy expanded 7.4 percent in the July to September period, which was its slowest pace in three years. Manufacturing activity contracted in August and September, among the backdrop of this larger economic slowdown.

Chinese policymakers "have stepped up to the plate" by taking steps to boost economic growth by way of infrastructure spending and monetary easing.

Analysts said those moves were starting to affect the economy positively. "The return of the PMI to above 50 suggests economic momentum has indeed picked up," Zhiwei Zhang of Nomura said in an email.

"It indicates the effect of policy easing may have been stronger than the consensus expected."

Other data pointing towards a recovery includes acceleration in exports, retail sales and industrial production.

A separate, private survey of manufacturing in China by HSBC also showed an improvement, although the reading remained in negative territory.

The HSBC purchasing managers' index showed a final reading of 49.5 in October, which was an increase from 47.9 in September.

"October's final PMI rose to an eight-month high, implying that China's industrial activity continues to bottom out following a modest pick-up last month," Qu Hongbin, chief China economist at HSBC, said in a statement.

How China's leaders handle the slowdown has been a political balancing act for China's leaders as they embark on a leadership change.

Strong growth has long been a point of pride for the current leaders, and analysts pointed out they would be eager to get the economy back on track before the handover.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More Asia Pacific

Pope Francis Gives Important Interview On His Return From the Apostolic Visit to Korea Watch

Image of This Prophetic Pope named Francis is known for shaking things up when he does his interviews with the Press upon returning from his beautiful and significant apostolic visits. Well, he just did it again.

By Deacon Keith A Fournier

Pope Francis is a refreshingly frank, charismatic and prophetic successor of the Apostle Peter. He stands in the trajectory of Paul VI, John Paul I, John Paul II, and Benedict. He is a true gift to the Catholic Church, the entire Christian community, and the ... continue reading


Two murderous women will be first female execution in India Watch

Image of India's President Pranab Mukherjee rejected the sisters' final petition requested mercy.

By Catholic Online (NEWS CONSORTIUM)

Two women, who kidnapped 13 young children and forced them to work as pickpockets before murdering them are about to become the first women ever executed in India. LOS ANGELES, CA (Catholic Online) - Renuka Shinde and Seema Gavit became India's most notorious ... continue reading


Can he break Christian persecution? Pope Francis says he's ready to try in China Watch

Image of Pope Francis spoke at an assembly of over 6,000 Asian Catholics while he was in South Korea, addressing a number of issues that Catholics in those countries have.

By Catholic Online (NEWS CONSORTIUM)

On his return flight from South Korea, Pope Francis said that he hoped to visit China soon, an act which would be the first time any Pope traveled to that country. LOS ANGELES, CA (Catholic Online) - As if sowing the seeds for such a visit, while the Pope was on ... continue reading


Pope's visit to Korea highlights religious hope for reunification Watch

Image of Pope Francis met a group of over 6,000 Asian Catholics, and discussed many religious concepts, and answered questions about Catholicism and issues it is having in Asia.

By Catholic Online (NEWS CONSORTIUM)

During his visit to Korea, Pope Francis addressed a meeting of young Catholics from many Asian countries and told them that their best hope for reunification of the divided Korean peninsula lay in love and forgiveness. LOS ANGELES, CA (Catholic Online) - "You are ... continue reading


Northern India paralyzed by rampant flooding Watch

Image of Even when this obstacle is overcome with immediate aid provided to survivors, there are new concerns about the agriculture in the world's second-biggest sugar-producing nation.

By Catholic Online (NEWS CONSORTIUM)

At least 28 people killed and thousands have been left homeless after heavy monsoon rains in northern India. Flooding in the Himalayas have swamped nearly 1,500 villages, leaving countless residents marooned across nine districts of Uttar Pradesh state. LOS ... continue reading


Pope Francis to Asian Youth: The Glory of the Martyrs Shines On You, Wake Up! Watch

Image of In your Christian lives, you will find many occasions that will tempt you, like the disciples in today's Gospel, to push away the stranger, the needy, the poor and the broken-hearted.  It is these people especially who repeat the cry of the woman of the Gospel:

By Catholic Online

The martyrs of Korea - and innumerable others throughout Asia - handed over their bodies to their persecutors; to us they have handed on a perennial witness that the light of Christ's truth dispels all darkness, and the love of Christ is gloriously ... continue reading


You Are Guardians of Hope! Pope Francis Speaks to the Bishops of Korea Watch

Image of You guard this hope by keeping alive the flame of holiness, fraternal charity and missionary zeal within the Church's communion- Pope Francis

By Catholic Online

Dear brothers, a prophetic witness to the Gospel presents particular challenges to the Church in Korea, since she carries out her life and ministry amid a prosperous, yet increasingly secularized and materialistic society. In such circumstances it is tempting for ... continue reading


AUSTRALIAN HORROR STORY: Parents leave with surrogate child's healthier offspring Watch

Image of Pattaramon Chanbua, center, said the agency waited until the seventh month to ask her - at the couple's request - to abort the fetus. She refused to do because she believed it would be a sin.

By Catholic Online (NEWS CONSORTIUM)

International surrogate parenting, where wealthy couples in developed nations typically seek the services of poor females in developing nations to bear their children has recently had a most unflattering  spotlight thrown against it in a recent case in ... continue reading


Pope Francis has a massive to-do list in Korea Watch

Image of Pope Francis will visit Korea in a week long visit which will include praying for reunification and encouraging the growing Catholic community.

By Catholic Online (NEWS CONSORTIUM)

Pope Francis will travel to South Korea with a message of peace for the divided nations in his first papal visit to Asia. LOS ANGELES, CA (Catholic Online) - 77-year-old Pope will fly to Seoul on August 13 in a trip aimed at the Korean split issue, as well as making up ... continue reading


Are we safe ANYWHERE? Christians suffer violence in India Watch

Image of Pro-Hindu nationalist groups have taken part in constant violence against Christians, which resulted in seven deaths in 2013.

By Catholic Online (NEWS CONSORTIUM)

Archbishop Anil Couto of New Delhi has urged local and Indian authorities to take more effective measures in fighting religiously motivated violence in the wake of an attack on the compound of St. Francis Xavier Church in the state of Haryana. LOS ANGELES, CA ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ezekiel 34:1-11
1 The word of Yahweh was addressed to me as ... Read More

Psalm, Psalms 23:1-3, 3-4, 5, 6
1 [Psalm Of David] Yahweh is my shepherd, I lack ... Read More

Gospel, Matthew 20:1-16
1 'Now the kingdom of Heaven is like a landowner ... Read More

Saint of the Day

Saint of the Day for August 20th, 2014 Image

St. Bernard of Clairvaux
August 20: St. Bernard, Abbot and Doctor of the Church St. Bernard was born ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter