China Factory Gauge at 2-Year High Eases Pressure for Stimulus - October 2, 2016

Media Report

October 02 , 2016

Bloomberg：China Factory Gauge at 2-Year High Eases Pressure for Stimulus
Bloomberg reports that China's official factory gauge stayed at the highest level in almost two years for a second month and services increased in the latest evidence of continued economic stabilization, reducing prospects for more policy easing.The manufacturing purchasing managers index remained at 50.4 in September, the National Bureau of Statistics said Saturday, compared with a median estimate of 50.5 in a Bloomberg economist survey and 50.4 the prior month. The non-manufacturing PMI rose to 53.7 from 53.5 in August. On Friday, the private Caixin Media and Markit Economics China Manufacturing PMI showed an increase to 50.1 last month. Numbers above 50 indicate improving conditions. The data, released ahead of this week's closure of China's financial markets for the National Day holidays, add to evidence of improvement as government fiscal support and a soaring property market help underpin growth. Fresh signs of stability may lead policy makers to remain on hold after keeping the benchmark interest rate at a record low for almost a year.
AP：Defense Ministers Discuss Defusing South China Sea Incidents
AP reports that countries need to look for practical ways to defuse incidents in the South China Sea, where China is pitted against smaller neighbors in multiple disputes over islands, Singapore's defense minister said. Ng Eng Hen told reporters Friday on the sidelines of a meeting in Hawaii that incidents may not necessarily involve military ships. He noted navies have established protocols for when they encounter each other at sea. Instead, confrontations may develop between fishing vessels or other civilian ships, the defense minister said. Defense ministers from the Association of Southeast Asian Nations (ASEAN) and U.S. Defense Secretary Ash Carter talked at their Hawaii meeting about ways to prevent such incidents from escalating, Ng said.

Calendar

2016-09-30 China’s New Silk Road Hinges on a Small Pakistan Port
2016-09-29 How to Fix China’s Crooked Congress
2016-09-28 China’s Ambitious Plan to Make the Yuan the World’s Go-To Currency
2016-09-27 U.S. Says Chinese Executive Helped North Korea Dodge Sanctions
2016-09-26 Hong Kong and the Realities of China’s Rise
2016-09-23 China spends more in the world than the world spends in China
2016-09-22 Foreign Reporters in China Face More Restrictions Now, Report Says
2016-09-21 At U.N., China calls for North Korean denuclearization, dialogue
2016-09-20 U.S., China to step up cooperation on North Korea
2016-09-19 China's debt crisis: Just how bad is it?

News

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