China-Non-manufacturing Index/April
FILE: China - Exact location and date unknown
1. Shopping mall
2. Screen showing stock market performance
3. Various of analysts working
Beijing, China - April 29, 2017
4. SOUNDBITE (Chinese) Cai Jin, vice chairman, China Federation of Logistics and Purchasing:
"Generally speaking, the financial service sector remains relatively stable and at a relatively high level. But the slowdown is pretty obvious. It's probably because the effect of policies on risk prevention and de-leveraging is starting to be felt."
FILE: China - Exact location and date unknown
5. Various of containers at port
Beijing, China - April 29, 2017
6. SOUNDBITE (Chinese) Zhao Qinghe, senior statistician, National Bureau of Statistics (starting with shot 5, ending with shot 7):
"With the Belt and Road initiative, as well as the programs of coordinated development in Beijing, Tianjin and Hebei (north China) and the Yangtze River Economic Zone, demand in infrastructure building continues to be unleashed. So generally speaking, the construction industry keeps a sound momentum."
FILE: China - Exact location and date unknown
7. Various of apartment buildings under construction
8. Various of apartment buildings
China's non-manufacturing sector saw a slight slowdown in April, but still maintains a positive momentum, with the financial business being the major contributor to the slowdown, according to statistics released on Sunday.
The National Bureau of Statistics revealed that non-manufacturing business activity index, a main gauge of the general performance on the non-manufacturing sector, stood at 54 percent, which is 1.1 percentage points lower than March.
A reading above 50 percent indicates expansion from the previous month, while below that indicates contraction.
So despite the slowdown month on month, the non-manufacturing sector in general is still expanding.
In the financial sector, the business activity index fell to 56.6 percent from the 63.7 percent in March. Analysts say that the contraction of housing mortgages and the fluctuation in the capital market are the major causes leading to the slowdown in the index.
"Generally speaking, the financial service sector remains relatively stable and at a relatively high level. But the slowdown is pretty obvious. It's probably because the effect of policies on risk prevention and de-leveraging is starting to be felt," said Cai Jin, vice chairman of the China Federation of Logistics and Purchasing.
On the other hand, business activity index of the construction industry reached 61.6 percent in April. A reading of above 60 percent has continued for eight months in a row.
"With the Belt and Road initiative, as well as the programs of coordinated development in Beijing, Tianjin and Hebei (north China) and the Yangtze River Economic Zone, demand in infrastructure building continues to be unleashed. So generally speaking, the construction industry keeps a sound momentum," said Zhao Qinghe, senior statistician with the National Bureau of Statistics.
In addition, the business activity index in the real estate industry continued its contraction in April with a reading below 50 percent and the sales price index also slowed down, demonstrating that the industry is under adjustment.
China-Non-manufacturing Index/April
Dateline : April 29/30, 2017/File
Location : China
Duration : 1'04
FILE: China - Exact location and date unknown
1. Shopping mall
2. Screen showing stock market performance
3. Various of analysts working
Beijing, China - April 29, 2017
4. SOUNDBITE (Chinese) Cai Jin, vice chairman, China Federation of Logistics and Purchasing:
"Generally speaking, the financial service sector remains relatively stable and at a relatively high level. But the slowdown is pretty obvious. It's probably because the effect of policies on risk prevention and de-leveraging is starting to be felt."
FILE: China - Exact location and date unknown
5. Various of containers at port
Beijing, China - April 29, 2017
6. SOUNDBITE (Chinese) Zhao Qinghe, senior statistician, National Bureau of Statistics (starting with shot 5, ending with shot 7):
"With the Belt and Road initiative, as well as the programs of coordinated development in Beijing, Tianjin and Hebei (north China) and the Yangtze River Economic Zone, demand in infrastructure building continues to be unleashed. So generally speaking, the construction industry keeps a sound momentum."
FILE: China - Exact location and date unknown
7. Various of apartment buildings under construction
8. Various of apartment buildings
China's non-manufacturing sector saw a slight slowdown in April, but still maintains a positive momentum, with the financial business being the major contributor to the slowdown, according to statistics released on Sunday.
The National Bureau of Statistics revealed that non-manufacturing business activity index, a main gauge of the general performance on the non-manufacturing sector, stood at 54 percent, which is 1.1 percentage points lower than March.
A reading above 50 percent indicates expansion from the previous month, while below that indicates contraction.
So despite the slowdown month on month, the non-manufacturing sector in general is still expanding.
In the financial sector, the business activity index fell to 56.6 percent from the 63.7 percent in March. Analysts say that the contraction of housing mortgages and the fluctuation in the capital market are the major causes leading to the slowdown in the index.
"Generally speaking, the financial service sector remains relatively stable and at a relatively high level. But the slowdown is pretty obvious. It's probably because the effect of policies on risk prevention and de-leveraging is starting to be felt," said Cai Jin, vice chairman of the China Federation of Logistics and Purchasing.
On the other hand, business activity index of the construction industry reached 61.6 percent in April. A reading of above 60 percent has continued for eight months in a row.
"With the Belt and Road initiative, as well as the programs of coordinated development in Beijing, Tianjin and Hebei (north China) and the Yangtze River Economic Zone, demand in infrastructure building continues to be unleashed. So generally speaking, the construction industry keeps a sound momentum," said Zhao Qinghe, senior statistician with the National Bureau of Statistics.
In addition, the business activity index in the real estate industry continued its contraction in April with a reading below 50 percent and the sales price index also slowed down, demonstrating that the industry is under adjustment.
ID : 8049164
Published : 2017-04-30 09:36
Last Modified : 2017-07-14 04:20:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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