2020-02-13 Beijing Review

http://www.bjreview.com FEBRUARY 13, 2020 BEIJING REVIEW 41

MARKET WATCH BUSINESS

180%(56ó

($1=7 yuan)

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3.3 percent

year on year in 2019, widening from

a 2.1-percent decrease registered

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Factors such as declining demand,

lower prices of industrial products

and rising costs have led to the fall in

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The central bank pumped

1.2 trillion

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via reverse repos on February 3. The

move aims to offset the impact of

reverse repos maturing and the concen-

trated

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keep liquidity in the banking

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the epidemic control period.

Shanghai, China’s business and

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growth in foreign direct investment

(FDI) in 2019 following a series of

measures to further open up more

sectors to foreign investors. A total of

6,800 FDI projects were

signed last year, up 21.5

percent year on year.

China’s Comprehensive PMI

56

55

54

53

52

51

50

49

0

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN

2019 2020

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN

2019 2020

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN

2019 2020

(Source:National Bureau of Statistics)

China’s Purchasing Managers’ Index (PMI)

Over 50 = Expansion

Under 50 = Contraction

49.5

49.3

50.2

49.5

49.2

50.5

50.1

52

51

50

49

48

47

46

45

44

43

0

49.4

49.7

49.4

54.3

53.7

54.4

56

55

54

53

52

51

50

49

0

China’s Non-Manufacturing PMI

53.8

52.8

53.5

54.1

54.7

54.3

54.8

54.3 54.2

53.7

50.2

53.0

52.0

53.4

53.1

53.7

53.2

52.4

54.0

53.453.3

53.153.0

49.8

53.0

50.0