Manufacturing


China boosts factory output as services growth lags behind

China boosts factory output as services growth lags behind

(ATF) China’s economic recovery has continued to broaden in the wake of the coronavirus pandemic, new manufacturing and services activity data released on Wednesday show.Factory activity in China picked up in March, with the key purchasing managers’ index (PMI) rising more than expected to 51.9 - from 50.6 in February …

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China's factory activity expands at slowest pace in seven months 

China's factory activity expands at slowest pace in seven months 

(ATF) China's factory activity expanded in January at the slowest pace in seven months at the start of 2021, weighed down by falling export orders amid a surging global pandemic and rising costs, according to a key index released on February 1.The slowdown in the manufacturing sector underscores the fragility …

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BMW looks to China JV, electric cars to deliver higher margins

BMW looks to China JV, electric cars to deliver higher margins

(ATF) German carmaker BMW is planning big investments in electric cars, as well as simplifying its vehicle portfolio, and raising its share in its joint venture in China from 50% to 75% in 2022.BMW's chief financial officer Nicolas Peter told Reuters that the moves should help push the iconic luxury …

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China's factory gate prices fall at slowest pace since February 

China's factory gate prices fall at slowest pace since February 

(ATF) China's factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting China's manufacturing sector continues to see a steady recovery from the Covid-19 shock.The producer price index (PPI) fell 0.4% from a year earlier, the National Bureau of Statistics said in …

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More data signals strong China growth

More data signals China growth

(ATF) China is powering its way out of the coronavirus downturn.Yet more data released Tuesday showed the world’s second-largest economy is growing at an ever-faster rate, just months after the pandemic inflicted the first quarterly contraction in generations on the communist state.The latest purchasing managers index (PMI) survey data on …

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This Chinese town shows the success of China's supply chain and failures of Indian manufacturing

This Chinese town shows the success of China's supply chain and failures of Indian manufacturing

(ATF) Yiwu is a gritty town, where businesses appear to rise and fall every other week. Deals are struck with the shake of a hand. Contracts can mean nothing. The city was in the news for the wrong reasons in 2012 when two Indians, Deepak Raheja and Shyamsunder Agarwal, were …

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