財新制造業PMI連續第十個月低於榮枯線
A closely-watched survey of China’s manufacturing activity showed the sector’s pace of contraction quickened in the final month of the year, underscoring weakness shown only a few days earlier in the country’s official figures.
財新(Caixin)Markit製造業採購經理人指數(PMI)12月爲48.2，低於11月的48.6。經濟學家原本預計12月指數爲48.9。
The Caixin/Markit manufacturing purchasing managers index came in at 48.2 in December, down from 48.6 in November. Economists were looking for a reading of 48.9.
數字顯示，中國製造業在2015年最後一個月加快收縮步伐，與此前幾天發佈的中國官方數據同樣凸顯出該行業的疲軟。
That still leaves it below the threshold of 50 that separates expansion from contraction. Only in February did China’s manufacturing sector expand last year, according to the Caixin/Markit survey
即使48.9的預計也低於50榮枯線。根據財新Markit調查，中國製造業僅在去年2月呈現擴張狀態。
The slippage comes after two months of improvement in October and November. The survey hasn’t seen more than three consecutive increases since July 2014.
中國PMI指數在去年10月和11月有所改善，之後又出現下滑。自2014年7月以來，財新Markit調查還未見過連續三個月以上的增長。
He Fan, chief economist at Caixin Insight Group said:This shows that the forces driving an economic recovery have encountered obstacles and the economy is facing a greater risk of weakening. More fluctuations in global markets are expected now that the US Federal Reserve has started raising interest rates. The government needs to pay more attention to external risk factors in the short term and fine-tune macroeconomic policies accordingly so the economy does not fall off a cliff. It needs to simultaneously push forward the supply-side reform to release its potential and reap the benefits.
財新智庫首席經濟學家何帆表示，這說明經濟復甦動力受阻，下行壓力加大。隨着美聯儲(Fed)進入加息週期，全球市場動盪或進一步加劇。政府應重視短期外部風險，實施預調微調的宏觀經濟政策組合，避免經濟出現斷崖式下跌。同時繼續推進供給側改革，儘早釋放改革紅利。
Data from China’s National Bureau of Statistics at the start of this month showed the official manufacturing PMI creeping slightly higher to 49.7, but remaining in contractionary territory for a fifth-straight month.
從中國國家統計局本月初公佈的數據顯示，官方製造業PMI指數小幅攀升至49.7，但仍然連續第五個月處於收縮狀態。
