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China-Manufacturing PMI/May
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
1. Various of machine operating in factory
Beijing, China - May 30, 2020 (CCTV - No access Chinese mainland)
2. SOUNDBITE(Chinese) Zhao Qinghe, senior statistician, Service Survey Center, National Bureau of Statistics(ending with shot 3):
"Out of the 21 industries we've researched on, 12 of them had new order indexes that higher than last month. The relative domestic demand has improved."
FILE: Tianjin Municipality, north China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of automobile assembly line
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Robotic arms in operation
FILE: Kunshan County, Suzhou City, Jiangsu Province, east China - March 20, 2020 (CCTV - No access Chinese mainland)
5. Various of workers at workshop
Beijing, China - May 30, 2020 (CCTV - No access Chinese mainland)
6. SOUNDBITE(Chinese) Cai Jin, Vice President, China Federation of Logistics and Purchasing(starting with shot 5):
"From the perspective of the index in May, the economic recovery has quality, and it was very solid. The increase of the new order index is relatively large, and we had relatively stable employment. Although pressure still exists, we have a basic pattern of a relatively stable employment and an appropriate structural adjustment. There was also a fast new energy conversion. Enterprises are keeping a good faith in the economic recovery for the future."
FILE: Suzhou City, Jiangsu Province, east China - March 20, 2020 (CCTV - No access Chinese mainland)
7. Various of researchers working in lab
8. Various of workers at workshop
FILE: Chongqing Municipality, southwest China - March 19, 2020 (CCTV - No access Chinese mainland)
9. Various of workers at workshop, machines in operation
The purchasing managers' index (PMI) for China's manufacturing sector eased to 50.6 in May from 50.8 in March, the National Bureau of Statistics(NBS) said Sunday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
Although down slightly from a month ago, the PMI still stayed above the boom-bust line for three consecutive months, said Zhao Qinghe, senior statistician of the National Bureau of Statistics’ Service Survey Center, emphasizing that the manufacturing production and operation are still in the process of recovery.
"Out of the 21 industries we've researched on, 12 of them had new order indexes that higher than last month. The relative domestic demand has improved," said Zhao.
According to Cai Jin, Vice President of the China Federation of Logistics and Purchasing, the PMI in May also showed that China's economy recovery has both quality and foundation.
"From the perspective of the index in May, the economic recovery has quality, and it was very solid. The increase of the new order index is relatively large, and we had relatively stable employment. Although pressure still exists, we have a basic pattern of a relatively stable employment and an appropriate structural adjustment. There was also a fast new energy conversion. Enterprises are keeping a good faith in the economic recovery for the future," he said.
Experts also reminded people of the concerns that the May index has exposed, such as the relatively slow recovery of market demand and increased business costs. An enterprise survey shows that the proportion of enterprises reflecting insufficient orders reached 54.6 percent, down 3.1 percentage points from last month, but still floated at a relatively high level.
China-Manufacturing PMI/May
Dateline : May 30, 2020/Recent
Location : China
Duration : 1'40
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
1. Various of machine operating in factory
Beijing, China - May 30, 2020 (CCTV - No access Chinese mainland)
2. SOUNDBITE(Chinese) Zhao Qinghe, senior statistician, Service Survey Center, National Bureau of Statistics(ending with shot 3):
"Out of the 21 industries we've researched on, 12 of them had new order indexes that higher than last month. The relative domestic demand has improved."
FILE: Tianjin Municipality, north China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of automobile assembly line
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Robotic arms in operation
FILE: Kunshan County, Suzhou City, Jiangsu Province, east China - March 20, 2020 (CCTV - No access Chinese mainland)
5. Various of workers at workshop
Beijing, China - May 30, 2020 (CCTV - No access Chinese mainland)
6. SOUNDBITE(Chinese) Cai Jin, Vice President, China Federation of Logistics and Purchasing(starting with shot 5):
"From the perspective of the index in May, the economic recovery has quality, and it was very solid. The increase of the new order index is relatively large, and we had relatively stable employment. Although pressure still exists, we have a basic pattern of a relatively stable employment and an appropriate structural adjustment. There was also a fast new energy conversion. Enterprises are keeping a good faith in the economic recovery for the future."
FILE: Suzhou City, Jiangsu Province, east China - March 20, 2020 (CCTV - No access Chinese mainland)
7. Various of researchers working in lab
8. Various of workers at workshop
FILE: Chongqing Municipality, southwest China - March 19, 2020 (CCTV - No access Chinese mainland)
9. Various of workers at workshop, machines in operation
The purchasing managers' index (PMI) for China's manufacturing sector eased to 50.6 in May from 50.8 in March, the National Bureau of Statistics(NBS) said Sunday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
Although down slightly from a month ago, the PMI still stayed above the boom-bust line for three consecutive months, said Zhao Qinghe, senior statistician of the National Bureau of Statistics’ Service Survey Center, emphasizing that the manufacturing production and operation are still in the process of recovery.
"Out of the 21 industries we've researched on, 12 of them had new order indexes that higher than last month. The relative domestic demand has improved," said Zhao.
According to Cai Jin, Vice President of the China Federation of Logistics and Purchasing, the PMI in May also showed that China's economy recovery has both quality and foundation.
"From the perspective of the index in May, the economic recovery has quality, and it was very solid. The increase of the new order index is relatively large, and we had relatively stable employment. Although pressure still exists, we have a basic pattern of a relatively stable employment and an appropriate structural adjustment. There was also a fast new energy conversion. Enterprises are keeping a good faith in the economic recovery for the future," he said.
Experts also reminded people of the concerns that the May index has exposed, such as the relatively slow recovery of market demand and increased business costs. An enterprise survey shows that the proportion of enterprises reflecting insufficient orders reached 54.6 percent, down 3.1 percentage points from last month, but still floated at a relatively high level.
ID : 8144881
Published : 2020-05-31 10:11
Last Modified : 2020-05-31 20:14:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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