No Result
View All Result
Thursday, July 3, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Mike (Liam Neeson) travels to Nepal to scatter his late brother's ashes on Mt. Everest. When Mike and his mountain guide encounter mercenaries on a tour bus, they are forced to fight to save themselves, the passengers, and the local villagers' homeland. (Courtesy of Vertical)

    Netflix or Amazon Prime: Where will Liam Nesson’s ‘Ice Road: Vengeance’ stream?

    (File Photo)

    Actress Memoona Qudoos speaks out against sexual harassment in showbiz industry

    File photo

    Shefali Jariwala’s sudden death sparks Bollywood debate on anti-aging treatments

    (File Photo)

    India lifts ban on Pakistani YouTube entertainment channels

    Mahira Khan

    Mahira Khan speaks out against India’s restrictions on Pakistani artists

    File photo

    Post-mortem report of Shefali Jariwala reveals heart attack as cause of death

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

China’s factory activity stuns with fastest growth in a decade

Reuters by Reuters
March 1, 2023
china

china

BEIJING: China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed on Wednesday, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year.

The manufacturing purchasing managers’ index (PMI) shot up to 52.6 from 50.1 in January, according to China’s National Bureau of Statistics, above the 50-point mark that separates expansion and contraction in activity. The PMI far exceeded an analyst forecast of 50.5 and was the highest reading since April 2012.

The world’s second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict COVID lockdowns and subsequent widespread infections. The curbs were abruptly lifted in December as the highly transmissible Omicron spread across the country.

Global markets cheered the big surprise in the PMI with Asian stocks and the Australian dollar reversing earlier losses, the offshore yuan perking up and oil rallying, as investors took a more optimistic view on China’s economic prospects.

“The high PMI readings partly reflect the economy’s weak starting point coming into this year and are likely to drop back before long as the pace of the recovery slows,” said Julian Evans-Pritchard, head of China economics at Capital Economics.

“We had already been expecting a rapid near-term rebound, but the latest data suggest that even our above-consensus forecasts for growth of 5.5% this year may prove too conservative.”

Markets expect the annual meeting of parliament, which kicks off this weekend, will set economic targets and elect new top economic officials.

“The decent PMI readings provide a positive note for the upcoming National People’s Congress. We expect the government to roll out further supportive policies to cement the economic recovery,” said Zhou Hao, economist at Guotai Junan International.

The official PMI came out just before an upbeat private sector index from Caixin/S&P that showed activity rising for the first time in seven months.

Businesses accelerated their resumption of work and production, as the effect of economic stabilisation policies was felt by the sector while the impact of COVID-19 receded, the NBS said in a separate statement.

Read more: Sterling holds gains after rising on UK trade deal with EU

Furniture manufacturing, metal products and electrical machinery equipment saw big improvements, with production and new orders indexes in these industries all above 60.0.

New export orders rose for the first time since April 2021, the PMI showed.

At the same time, China’s PMI contrasted with more downbeat factory activity readings from other Asian economies for February, showing conditions abroad were sluggish.

More broadly, the outlook remains mixed as the country’s major trading partners deal with surging interest rates and cost pressures.

China’s manufacturing sector had been under pressure this year with factory-gate prices falling in January, data last month showed, due to still cautious domestic consumption and uncertain foreign demand.

Manufacturing companies have also seen surging purchasing prices in steel and related downstream industries, the NBS said.

The official non-manufacturing purchasing managers’ index (PMI) rose to 56.3 from 54.4 in January, indicating the fastest pace of expansion since March 2021.

ShareTweetSendShare
Previous Post

Humaima Malik reveals she didn’t get any formal education 

Next Post

Quetta police ban transgenders to leave homes in night

Related Stories

Online
Uncategorized

CM Punjab Maryam Nawaz visits field hospital near Murree

July 2, 2025
File photo
Uncategorized

No Pakistani university among top 350 in QS 2026 rankings

July 1, 2025
File photo
Uncategorized

Sharjeel Memon announces 4,400 new teaching jobs in Sindh

July 2, 2025
Screen grab
Uncategorized

VIDEO: Lahore teacher passes away after suffering heart attack during lecture

July 1, 2025
NADRA logo
Uncategorized

NADRA announces major services update for citizens

July 1, 2025
File photo
Daily Buzz

Mehr Bano opens up about harassment in the entertainment industry

June 30, 2025
Photo credit Express News
Uncategorized

US woman travels to Pakistan for her online lover

June 30, 2025
File photo
Uncategorized

Pakistan elected UNIDO president first time ever

June 30, 2025
File photo
Uncategorized

Sanam Javed gets bail in anti-state remarks case

June 30, 2025
Justice Sardar Muham­mad Sarfraz Dogar
Uncategorized

Justice Dogar notified as senior-most IHC judge in revised seniority list

June 29, 2025
Next Post

Quetta police ban transgenders to leave homes in night

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Representative image
Business & Stock

Latest forex rates in Pakistan today- 2 July 2025

by MM News Staff
July 3, 2025
representative image
Business & Stock

Latest gold prices in Pakistan today- 3 July 2025

by MM News Staff
July 3, 2025
Fake News Alert

SBP denies issuance of new Rs1,000 banknote, terms viral claims fake

by MM News Staff
July 2, 2025
File photo
World

Hamas reviews Israel-Trump ceasefire deal

by MM News Staff
July 2, 2025
File photo
Crime

Session judge sentenced for contempt of court

by MM News Staff
July 2, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Weather

Heavy rains, flash floods forecast across country during July 6-10

by MM News Staff
July 2, 2025

The Meteorological Department warns of urban flooding, flash floods, and landslides in several regions...

Heatwave. File photo

Europe heatwave claims four lives each in Spain, France

July 2, 2025
File photo

Pakistan flash floods, heavy showers kill 64 in a week

July 2, 2025
(File Photo)

Weather forecast for Karachi today

June 30, 2025
See all

Prices

representative image
Business & Stock

Latest gold prices in Pakistan today- 3 July 2025

by MM News Staff
July 3, 2025

The following are the latest gold rates in Pakistan on Thursday, July 3, 2025....

Online/File photo

NEPRA approves Rs1.15/unit cut in basic electricity tariff

July 2, 2025
(Image: Pakwheels)

Lucky Motor increases prices of KIA-brand vehicles by up to Rs700,000

July 2, 2025

Govt slashes profit rates on National Savings schemes

July 2, 2025
See all

Transport News

file photo
Transport

Islamabad Police issue traffic plan for today’s Muharram procession

by MM News Staff
July 2, 2025

The Islamabad Traffic Police (ITP) have announced special traffic arrangements ahead of the 6th...

File photo

BRT Peshawar increases bus fares

July 1, 2025
Dubai's flying taxi completes first test flight. (Image: Khaleej Times/: Neeraj Murali)

Dubai successfully tests first flying taxi flight

July 1, 2025

Parking is now free of charge on 46 major roads in Karachi

July 1, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.