CRI听力: China PMI Points to Slowing Growth
Chinese manufacturing activity has now moderated in January.
The official purchasing managers' index, or PMI, has now fallen to a five month low of 52.9 in January.
A mark above 50 still means expansion.
The overall new orders index has slid to 54.9 in January from 55.4 in December, with the export orders index plunging to 50.7 from 53.5.
Cai Jin is from the China Federation of Logistics and Purchasing.
"The prudent monetary policy that aims to slow down the economic growth has shown effect. A modified adjustment is proper now that the economy is growing at such a high rate."
The index measuring input prices has also climbed to 69.3 from 66.7, suggesting inflation is still rising, despite numerous tightening measures.
For more about the PMI reading, we spoke earlier with Kevin Lai, senior economist at Hong Kong based Daiwa Capital Markets.
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