
中国工厂活动上月扩张,但增速放缓,创下自7月以来首次,一项私人调查显示,这进一步证明了该国出口导向型企业的韧性。
China’s factory activity expanded last month while growing at a slower pace for the first time since July, a private survey showed, in further evidence of the resilience of the country’s export-oriented firms.
RatingDog中国制造业采购经理人指数略微下滑至52,低于9月的52.1,周一的一份声明显示。该读数高于区分扩张与收缩的50临界点,与彭博社调查的经济学家中位数预测相符。
The RatingDog China manufacturing purchasing managers index slipped slightly to 52 from 52.1 in September, according to a statement on Monday. The reading, which was above the 50 threshold separating expansion from contraction, matched the median forecast of economists surveyed by Bloomberg.
相对乐观的表现与周末公布的官方数据形成对比,官方数据显示工厂活动上月重新陷入收缩区间,新出口订单子指数大幅下滑至5月以来最低。这项私人调查的样本涵盖更多规模较小且更具出口导向的企业,过去一年其结果往往强于政府调查,因为海外需求强劲。
The relatively upbeat performance stands in contrast with official figures over the weekend that showed factory activity slipped back into contraction territory last month, with a subindex of new export orders slumping sharply to the lowest since May. The private poll results — whose sample captures smaller and more export-oriented firms — have tended to be stronger than those from the government survey over the previous year as overseas demand boomed.
海外出口一直在支撑世界第二大经济体的增长,以抵消国内需求疲软带来的压力,而房地产市场和就业市场依然低迷。即使第三季度经济出现反弹,达到北京年度目标4.5%至5%的低端,这种失衡状况依然持续。
Shipments abroad have been sustaining growth in the world’s second-largest economy by offsetting the squeeze from subdued domestic demand, as the property sector and the jobs market stay soft. The lopsidedness has persisted even as the economy staged a rebound in the third quarter, reaching the lower end of Beijing’s annual target of 4.5%-5%.
中国当局近几周采取了适度政策以提振增长,包括为特定购房者提供抵押贷款折扣,以及增加地方债券额度以刺激投资。然而,这一政策包仅旨在确保中国实现政府的增长目标,并不预示着重大的宽松周期。
Chinese authorities have stepped up measured policies in recent weeks to bolster growth, including mortgage discounts for targeted home buyers and more local bond quota to spur investment. Still, the package only meant to ensure China meets the government’s growth goal and doesn’t signal a significant easing cycle.