Interviews
Economy indictors warm up to signs of recovery
22 Apr '09
1 min read
The improvement in figures, from the recently released economic indicators, is a pointer to signs of economic recovery in the country. The manufacturing index, the hallmark to industrial growth, has picked up noticeably in the month of March.
The manufacturing index which has been consistently recovering and growing since the last three months finally broke through the psychological 50 point mark and touched 52.4 in March 2009.
The 50 point mark is the dividing line between a negative and positive growth in the industrial sector in the country. Growth rate of industrial added value also reached 8.3 percent, up 4.5 percent from that in January and February.
From the beginning of the fourth quarter last year, China's economic difficulties mainly affected the manufacturing industry and now the significant improvement of industrial growth will provide crucial support to the whole economy.
The manufacturing index which has been consistently recovering and growing since the last three months finally broke through the psychological 50 point mark and touched 52.4 in March 2009.
The 50 point mark is the dividing line between a negative and positive growth in the industrial sector in the country. Growth rate of industrial added value also reached 8.3 percent, up 4.5 percent from that in January and February.
From the beginning of the fourth quarter last year, China's economic difficulties mainly affected the manufacturing industry and now the significant improvement of industrial growth will provide crucial support to the whole economy.
Fibre2fashion News Desk - China
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