Investment in the manufacturing and infrastructure sectors is expected to play a key role in stabilizing China’s economic growth in the coming months amid intensified policy support after retail sales and property development showed signs of softening, officials and experts said on Wednesday. They commented after China’s economic recovery slowed in August due to domestic […]
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Economic Watch: China’s manufacturing activity expands at a slower pace in April
The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.1 in April, slightly down from 51.9 of March, data from the National Bureau of Statistics (NBS) showed Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The manufacturing sector maintained steady growth in April. The manufacturing PMI continued […]
China making strides in Industry 4.0 revolution as advanced manufacturing outpaces EU, US, Japan
After China’s new five-year plan listed the development of seven key “frontier technologies” as the nation’s top policy priority, it is now home to the most cutting-edge advanced manufacturing facilities, ahead of the likes of the European Union, the United States, and Japan. The World Economic Forum has added five Chinese sites to its Global […]
Companies rush to replace ‘just in time’ supply chains with ‘just in case’ contingencies as Covid-19 upends global manufacturing
The problem is pushing companies to consider a “just in case” supply chain to augment the “just in time” model. That had served the world in the past 4 Decades. This is particularly the case for producers of essential goods such as food and medical devices, while the pandemic is destroying lives and livelihood. Global […]