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在线翻译:
szdaily -> Business_Markets
Factories may post another solid month of growth
    2017-August-30  08:53    Shenzhen Daily

FACTORIES in China likely posted another solid month of growth in August, suggesting the world’s second-largest economy is still growing at a healthy clip despite rising financing costs and a cooling housing market, a latest poll showed.

The official manufacturing Purchasing Managers’ Index (PMI) is expected to come in at 51.3 for August, down just a hair from July’s 51.4, according to a median forecast of 39 economists polled.

That would signal the 13th straight month of expansion for China’s manufacturers, who are enjoying their best profits in years thanks to a government-led construction boom and a recovery in exports. The 50-mark divides expansion from contraction a monthly basis.

Driven by strong infrastructure spending and record bank lending last year, China’s economy grew by a faster-than-expected 6.9 percent in the first half of 2017 and looks set to easily meet the government’s full-year target of around 6.5 percent.

That momentum has given policymakers room to focus on tackling financial risks stemming from a rapid build-up in debt and an overheated property market.

Economists expect such cooling measures will start to drag on growth eventually, but do not foresee any sharp slowdown.

Some signs of fatigue may already be starting to show.

China’s import and export growth slowed more than expected in July, raising worries about domestic demand. Industrial output, investment, and retail sales also underwhelmed last month.

The official PMI survey will be published Thursday, along with a similar survey covering the services sector, while the Caixin PMI is set to be released Friday. (SD-Agencies)

 

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