China to face robust restocking period in 2013 amid improving economy
BEIJING, Jan 25, 2013 (Xinhua via COMTEX) --
China was to face a period of robust
restocking in 2013 as the economy remained on track of improving,
China Securities Journal reported Friday that Chinese factories
were likely to restock inventories this year after a cycle of
destocking that lasted over last year.
According to HSBC Thursday, the flash China Purchasing Managers
Index (PMI) for manufacturing hit a 24-month high to stand at 51.9 in
January, the fifth straight month for a higher preview figure,
compared with a final reading of 51.5 last December.
HSBC also said on Thursday its PMI sub-index for new orders fell
slightly to 52.7 in January, while levels of new export orders stood
at 50.1 in January, signaling that domestic demand was outperforming
Meanwhile, the flash China manufacturing output index rose to a
22-month high of 52.2 in January, Thursday's data showed.
Analysts noted accelerated production from manufacturers did not
draw down new orders,so restocking in China's real economy would give
a boost to the country's manufacturing companies. (Edited by Ding
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