Photo by reporter Zhou Di at the press conference
In November, China’s Manufacturing Purchasing Managers’ Index (PMI) was 50.1%, which has returned to above the threshold since August, and the manufacturing industry has returned to the expansion range. .
On December 15, at the November National Economic Operation Press Conference held by the Information Office of the State Council, a reporter from News (www.thepaper.cn) asked: Support PMI What are the factors for the rebound? How does the National Bureau of Statistics predict the trend of PMI in the next stage?
In response, Fu Linghui, spokesperson for the National Bureau of Statistics and Director of the Department of Comprehensive Statistics of the National Economy, said that since the beginning of this year, the market is expected to show a weakening change. In November, when the manufacturing PMI was in the contraction range for two consecutive months in September and October, it returned to the expansion range for two reasons:
First, the market has increased its efforts to ensure supply and stabilize prices. In November, the producer prices of industrial producers rose by 12.9% year-on-year, 0.9 percentage points lower than the previous month. Among them, the price of coal fell month-on-month. At the same time, year-on-year price increases in steel and non-ferrous industries also fell. These are conducive to reducing the production cost of enterprises and improving their expectations.The second is that the government’s efforts to help enterprises to relieve their difficulties are increasing. In the face of the sharp increase in industrial product prices, especially the increasing pressure on production and operation in some mid- and downstream industries, the government has introduced a series of stabilizing economic support, especially for mid-downstream enterprises, small, medium and micro enterprises, which is also conducive to improving business expectations. .
Fu Linghui said that in the next stage, despite multiple pressures, the fundamentals of China’s long-term economic growth remain unchanged. With the intensification of macro policy adjustments, the policy of ensuring supply and stabilizing prices continues to be effective, and the expansion of domestic demand continues to strengthen, enterprises are expected to maintain overall stability.