Burton Mills: China Manufacturing Growth Slows in November

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Burton Mills China Manufacturing Growth Slows in
November
1888 Press Release - Burton Mills Activity in
Chinas manufacturing sector slowed somewhat but
remained resilient this month. Taipei, Taiwan
based Burton Mills economists say that activity
in Chinas factory sector probably expanded at a
marginally slower pace this month, as export
orders decreased and stringent anti-smog
regulations placed pressure on northern factories
and steel mills to limit production. However,
Burton Mills economists added that growth is
expected to have remained solid with demand for
steel persisting as factories and mills in
southern provinces with less rigid anti-pollution
regulations ramp up output to increase their
market share. Chinas campaign against smog is
affecting the GDP forecast for the worlds second
biggest economy while the worlds markets harbor
concerns regarding Beijings strategy to decrease
debt and excesses in the financial
sector. Burton Mills economists expect this
weeks official manufacturing Purchasing
Managers Index (PMI) to come in at 51.4 for this
month, down slightly from 51.6 the month before.
While factory activity has slowed somewhat for
a second consecutive month, it would still be the
16th consecutive month of growth, echoing
opinions that Chinas factory industry remains
buoyant in spite of a series of obstacles.
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A recovery for Chinas industrial companies and
factory sector fueled by increased state
expenditure, a robust property market and
unanticipated growth in exports has contributed
to the economy posting better than forecast
expansion of almost 6.9 percent in the first
three quarters of this year. Profits for Chinas
largest industrial companies increased by 25.1
percent last month, decreasing only marginally
from Septembers nearly six year high. Upstream
sectors and coal mining felt the benefit of
robust commodity prices. http//www.bizcitynews.c
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