Biz China Weekly: PMI, logistics performance, income of relocated poor, waste sorting
0 Comment(s)
Print
E-mail Xinhua, December 5, 2020
BEIJING, Dec. 5 (Xinhua) -- The following are the highlights of China's business news from the past week:
PMI
-- The purchasing managers' index (PMI) for China's manufacturing sector came in at 52.1 in November, up from 51.4 in October, the National Bureau of Statistics (NBS) said Monday.
A reading above 50 indicates expansion, while a reading below reflects contraction.
The November PMI, the highest seen this year, marked the ninth consecutive month of expansion, data from the NBS showed.
The PMI for non-manufacturing sector came in at 56.4, up from 56.2 in October.
LOGISTICS PERFORMANCE
-- China's logistics sector sustained steady expansion in November as broader economic recovery consolidates, data from the China Federation of Logistics and Purchasing showed on Wednesday.
The logistics performance index, which tracks business volumes, new orders, employment, inventory turnover, and equipment utility rates in the sector, came in at 57.5 percent last month, up by 1.2 percentage points from October.
A reading above 50 percent indicates expansion, while a reading below that reflects contraction.
INCOME OF RELOCATED POOR
-- China's impoverished people who participated in relocation programs for poverty-alleviation saw a sharp rise in their net income, the National Development and Reform Commission (NDRC) said.
The average net income of poverty-stricken people rose from 4,221 yuan (about 643.52 U.S. dollars) a year in 2016 to 9,313 yuan in 2019, registering an average annual growth of 30.2 percent, Zhao Chenxin, secretary-general of the NDRC, told a press conference Thursday.
WASTE SORTING
-- Waste sorting has been implemented in 86.6 percent of residential communities, covering 77 million households, in the 46 pilot cities that are required to carry out mandatory waste sorting by a 2017 nationwide plan, according to Liu Lifeng, an official with the Ministry of Housing and Urban-Rural Development.
Currently, those 46 cities can handle a total of 62,800 tonnes of kitchen waste per day, 28,100 tonnes more than the daily average in 2019.
The average recovery rate of household waste stood at 30.4 percent in those cities, 15 of which saw a recovery rate surpassing 35 percent, according to the ministry. Enditem
Go to Forum >>0 Comment(s)