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在线翻译:
szdaily -> Business_Markets -> 
Factory activity may grow at slower pace in September
    2017-09-29  08:53    Shenzhen Daily

FACTORIES in China likely cranked up activity for the 14th straight month in September as the country’s year-long building boom and higher prices generate hearty profits, though the pace of growth may have eased slightly from August.

The official manufacturing Purchasing Managers’ Index (PMI) on Sunday is expected to come in at 51.5 for September, dipping marginally from August’s 51.7, according to a median forecast of 24 economists.

The 50-mark divides expansion from contraction on a monthly basis.

Profit growth at Chinese industrial firms accelerated in August at the fastest monthly pace in four years due to higher commodity prices, data showed Wednesday.

Steel mills, in particular, continue to run at full tilt to cash in on fat profit margins and build up inventories ahead of expected government curbs on production to reduce choking air pollution over the winter.

Worries about a sharp drop in demand in coming months have seen China iron ore futures plunge more than 20 percent since August, though steel prices have continued to rise.

Bolstered by manufacturing and a hot property market, China’s economy grew by a faster-than-expected 6.9 percent in the first half of 2017, and looks set to easily meet the government’s full-year target of around 6.5 percent.

But there are signs that momentum is slowly starting to fade.

August data from industrial output to investment and retail sales were softer than expected, which many analysts attributed to a rise in borrowing costs this year as the government tries to reduce the risks from a rapid build-up in debt.

A flurry of government measures to cool soaring housing prices also appear to be tempering break-neck growth in the property sector, a key economic driver, though underlying demand for homes remains healthy. (SD-Agencies)

 

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