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|BEIJING http://www.cheapmlbyankeesshop.com/aaron-judge/ , Dec. 31 (Xinhua) -- China's manufacturing sector continued to expand in December, pointing to economic resilience in the country's factory sector.
The country's manufacturing purchasing managers' index (PMI) came in at 51.6 in December, slightly decelerating from 51.8 in November, according to National Bureau of Statistics (NBS) data released Sunday.
A reading above 50 indicates expansion, while below reflects contraction.
The index in December is on par with the annual average, pointing to a strong resilience in China's growth, according to NBS senior statistician Zhao Qinghe.
Sub-indices for production and new orders came in at 54 and 53.4, respectively http://www.cheapmlbyankeesshop.com/dellin-betances/ , down from 54.3 and 53.6 last month, but well above the boom-bust line of 50.
However, the sub-index of raw material inventory stood at 48 in December, down 0.4 points from last month, indicating continuously decreasing raw material inventory in the manufacturing sector.
Meanwhile, the sub-index of supplier deliveries declined 0.2 points month on month to 49.3, showing a slower delivery by raw material suppliers.
The manufacturing sector employed less people as the sub-index of employment dropped 0.3 percentage points month on month to 48.5 in December.
"Factory employment continued to contract slightly -- a mismatch with expanding output that might reflect the advance of automation," according to Tom Orlik http://www.cheapmlbyankeesshop.com/sonny-gray/ , Bloomberg chief Asia economist.
The country's manufacturing PMI has been in positive territory for 17 months in a row despite overall slower expansion this month.
The NBS data also showed that the country's non-manufacturing sector expanded faster in December, with non-manufacturing PMI coming in at 55 in December, up from 54.8 in November.
The service sector, which accounted for more than half of the country's gross domestic product, continued steady growth, with the sector's business activity index standing at 53.4 in December, well above the boom-bust line of 50, although declining 0.2 points month on month.
The new order index of the non-manufacturing businesses stood at 52 in December http://www.cheapmlbyankeesshop.com/aroldis-chapman/ , up 0.2 points from a month ago. In breakdown, the new order index for the service sector increased slightly slower month on month to 50.9, and that for the construction sector rose at a faster pace to 58.1.
"Early indicators for December show China's economy pushing into 2018 with growth steady, if unspectacular," said Tom Orlik in a research note, as "the official purchasing managers' indexes show the manufacturing sector slowing slightly and the non-manufacturing sector picking up, driven mainly by construction."
"Growth remains remarkably robust, underpinned by resurgent global demand http://www.cheapmlbyankeesshop.com/c-c-sabathia/ , stimulus-boosted infrastructure spending, and a deleveraging program that remains more honored in the breach than the observance." Orlik said.
Sub-indices for production and new orders came in at 54 and 53.4, respectively, down from 54.3 and 53.6 last month, while new export orders and import accelerated, with indices gained 1.1 points and 0.2 points to 51.9 and 51.2, respectively, according to NBS senior statistician Zhao Qinghe.
"In the details http://www.cheapmlbyankeesshop.com/greg-bird/ , output and new orders sub-indexes were both down slightly but still robustly in expansionary territory. New export orders picked up," Orlik said.
Bloomberg Economics expects a moderate slowdown of China's factory activity in 2018 as tailwinds from exports and infrastructure blow less strongly, and headwinds from deleveraging increase.
Shenzhen is ranked third among the top 10 most attractive Chinese cities to digital talents, according to a report on China’s current transformation towards a digital economy, which was jointly conducted by Tsinghua SEM Center for Internet Development and Governance (CIDG) and the workplace social media platform LinkedIn.
The report, released Wednesday, analyzed 720,000 registered users who were digital talents working in China over the past three years based on the talents’ work experience http://www.cheapmlbyankeesshop.com/giancarlo-stanton/ , professional skills, signs of mobility and some other information.
The report shows that the distribution of digital talents has a significant positive correlation with the digitalization of a city’s economy. Shanghai, Shenzhen and Hangzhou are the three cities that have introduced the largest number of digital talents over the past three years.
Specifically, the roles of digital talents in China fit into six main categories, namely digital strategy management, in-depth analysis, product development, advanced manufacturing http://www.cheapmlbyankeesshop.com/gary-sanchez/ , digital operations and digital marketing.
Around 50 percent of digital talents are working in basic ICT industries, such as Internet and telecommunications companies, while the remaining talents are working in traditional industries like manufacturing, finance and consumer goods.
The report lists the 10 Chinese cities best at attracting such talents: Shanghai, Beijing, Shenzhen, Guangzhou, Hangzhou http://www.cheapmlbyankeesshop.com/derek-jeter/ , Chengdu, Suzhou, Nanjing, Wuhan and Xi’an. These cities also lead China in digital economy because they attract digital talents with a variety of advantages due to each city’s unique development focus.
For instance, Beijing and Hangzhou have more digital talents with advantages in big data analysis, while the digital talents in Shanghai and Shenzhen mainly work in the manufacturing industry. Additionally, the consumer goods and finance industries in Shenzhen and Guangzhou possess more digital talents than other cities.
In a broader perspective, the report points out that the country’s economic digitalization has entered a new stage where the development focus ha Did you know t. Cheap Brazil Jerseys Cheap Belgium Jerseys Cheap Argentina Jerseys Cheap Wales Soccer Jerseys Wholesale USA Womens Jerseys Wholesale Uruguay Jerseys Wholesale Switzerland Soccer Jerseys Wholesale Sweden Soccer Jerseys Wholesale Spain Soccer Jerseys Wholesale Netherland Soccer Jerseys