ALL >> Investing---Finance >> View Article
Credence Independent Advisors - China’s Manufacturing Growth Witnesses A Boost
August 2, 2014 - The figures for July were promising. According to the National Bureau of Statistics; the official Purchasing Managers Index (PMI), which measures activity in bigger factories and is a key to measure sector’s health rose to 51.7 in July from 51 in June. The rise in figures meant an increase in the expansion.
The improvement and growth in the manufacturing sector is a direct result of a series of steps taken by China in the recent months to help boost its economic growth.
The HSBC PMI survey, which measures manufacturing activity in relatively smaller factories, gave a preliminary reading of 52 for July, which was an 18 month high.
China’s growth stabilizing:
China, which is also the world’s second largest economy, has recently witnessed a series of positive economic data along with the rise in PMI.
In June, China’s economy witnessed a 7.5% rise in the April to June quarter, from a year ago.
Other data also points to the positive developments taking place, with factory output, fixed asset investment and retail sales showing an increase in the recent weeks.
The ...
... positive outlook of China’s economy has encouraged policymakers to take steps to help further boost China’s growth.
Planning to cut taxes on smaller companies and speeding up the construction of railway lines across China are part of a series of steps taken by policymakers.
Other steps include China’s central bank making more cash available for banks engaged in lending to agriculture related businesses and smaller companies.
Furthermore, the central bank has also said that it will encourage banks to lend more to exporters in order to boost shipments.
Credence Independent Advisors are expatriates living in favourable tax jurisdictions, but this will not be the case for all of them forever. Our advisors will always ensure that our clients are in the most favourable tax positions possible when returning to their homeland or their next overseas destination. We have a thorough understanding of how trust structures may benefit you and have access to estate planning tools to ensure that your money remains where you want it. We are experts in expatriate clients and will know or find the right solutions to ensure your financial planning puts you in the driving seat with your money.
Add Comment
Investing / Finance Articles
1. Top 5 Loan Secrets For Women EntrepreneursAuthor: Mpower Credcure Team
2. Mastering Currency Trading: Strategies For Profitable Returns
Author: hoardingonrent
3. Unlock The Secrets Of Itin Application: Your Guide To Obtaining An Itin Number For Non-us Citizens
Author: itin.support
4. Simplify Your Itin Application Process And Save With Our New Year Discount
Author: itin.support
5. Paystand Named Winner Of Fintech Breakthrough Award For Defi Innovation
Author: Orson Amiri
6. How To Sell Usdt In Dubai: A Comprehensive Guide
Author: cryptodubaiotc
7. Navigating The European Crypto Landscape: A Guide To Buying Usdt In Europe
Author: cryptoeuropeotc
8. Exploring The Rise Of Usdt Otc In Dubai: A Hub For Crypto Investors
Author: cryptodubaiotc
9. Explorez En Toute Sérénité Avec Un Guide Compétent : Voyage Privé En Inde
Author: Voyage en Inde en 2024
10. Mastering The Art Of Profitable Trading: Strategies And Tips
Author: hoardingonrent
11. Take Profit Order - A Quick Review And How It Works?
Author: Growlonix
12. Federal Interest Rate And Forex Market
Author: Shyamkumar
13. How Does A Loan Against Mutual Funds Help A Financial Emergency?
Author: Abhi
14. Crypto Trading Signals – A Better Opportunity To Trade Like A Pro In 2024
Author: Growlonix
15. How To Check Loans Using A Pan Card
Author: Loanswale