Activity in China's factory sector shrank for the first time in seven months in December Air Vapormax Flyknit , a private survey showed on Wednesday, highlighting the urgency behind a series of surprise easing moves by Beijing in the past two months.
The weak performance will add to the debate over whether Beijing needs to roll out more support measures to avert a sharper economic slowdown or fast-track market reforms to stimulate demand - or both.
The report puts a final sluggish stamp on what has been a surprisingly grim fourth quarter for the world's second-largest economy, which is expected to grow at its slowest pace this year in nearly a quarter of a century.
"Domestic demand led the slowdown as new orders contracted for the first time since April 2014. Price contraction deepened," said Qu Hongbin, chief economist for China at HSBC.
"We believe that weaker economic activity and stronger disinflationary pressures warrant further monetary easing."
The final HSBCMarkit Purchasing Managers' Index (PMI) for December came in at 49.6, just below the 50.0 level that separates growth from contraction. The number was slightly higher than a preliminary "flash" reading of 49.5 but down from the final 50.0 in November.
Total new orders contracted for the first time since April Air Vapormax , albeit slightly, although new export orders increased.
Highlighting soft demand, output prices declined for the fifth consecutive month, with many companies surveyed saying they were cutting prices due to increased competition.
This in turn prompted firms to reduce output for the second consecutive month, although the rate of contraction was tiny.
Employment weakened for the 14th straight month, although the pace of job shedding slowed.
Hurt by a sagging property market Nike Vapormax Flyknit Triple Navy , unsteady exports and cooling domestic demand and investment, China's economic growth is expected to slow to a 24-year low of 7.4 percent this year, although surprisingly weak fourth-quarter data has some analysts wondering whether that might be too optimistic.
Many market watchers expect Beijing to lower its annual growth target to 7 percent next year, from 7.5 percent in 2014.
Faltering factory output, rising deflationary pressures, sliding industrial profits and increasing non-performing loans highlight the policy challenges facing Beijing in 2015. Authorities need to not only encourage more lending by banks Nike Vapormax Triple Navy , but also find a way to stimulate genuine demand.
The central bank unexpectedly cut interest rates in late November for the first time in more than two years in bid to keep down borrowing costs and support growth. It has also loosened some lending restrictions.
CHANGSHA, Dec. 4 (Xinhua) -- Over 180 officials, experts andrepresentatives from China and the United States gathered inChangsha, capital of central China's Hunan Province, to explorecooperation in sustainable energy.
They discussed possible solutions for urban environmental issuessuch as air pollution, sponge city construction and sewagetreatment at the third Sino-U.S. Energy and Environment Forum Nike Vapormax Flyknit Triple Gold ,themed "Recycling of fugitive gas emission under global concerns onwater, air and soil".
Devinder Mahajan, director of the Institute of Gas Innovationand Technology in the United States, said that as two of thelargest emitters of greenhouse gases, China and the United Statesshared common goals and challenges in conserving energy and shouldtap into each other's strengths.
"The two countries have the same duties and obligations toensure energy security and cope with environmental challenges,"said Zhuang Jia Nike Vapormax Triple Gold , with China's Ministry of Science andTechnology.
Strengthening cooperation in such areas can also help boosteconomic growth in both countries, he added.
China and the United States signed a 10-year energy andenvironment cooperation framework in Washington in 2008. Theframework sets goals and lays out steps to expand Sino-U.S.cooperation in energy security, environmental sustainability andclimate change.
Guided by the framework, over 30 universities in both countriesset up the Sino-U.S Energy and Environment Innovation ResearchCenter in 2015. Multiple techniques developed by the center havebeen successfully applied, according to Chai Xiaoli, head of thecenter. Enditem
SAN FRANCISCO Nike Vapormax Flyknit Triple White , Jan. 17 (Xinhua) -- London Breed, the acting mayor of U.S. western coastal city of San Francisco on Wednesday urged U.S. Congress to pass a "clean Dream Act" to protect undocumented immigrants amid reports that immigration authorities are planning a massive sweep on illegal immigrants in the state of California.
"Dreamers are our friends, neighbors and members of our communities. We are urging Congress to pass a clean #DreamActNow," Breed tweeted.
Dreamers refer to a group of undocumented immigrants who were brought to the United States as children.
By October 2017, about 690,000 young adults were currently protected under the Deferred Action for Childhood Arrivals (DACA) Nike Vapormax Triple White , an immigration program established by former U.S. President Barack Obama in 2012 but revoked by President Trump in September 2017.
"We need comprehensive immigration reform, not shortsighted and misguided policies," Breed said in her tweet Wednesday.
She also said on Tuesday that "San Francisco is and will always be a Sanctuary City" to the Dreamers.
"We will continue to fight for the hardworking immigrants that live in our City. We will continue to push policies that protect our immigrant communities," she noted.
Breed's statement came amid reports that U.S. federal immigration officials are reportedly preparing for a major sweep in northern California after Thomas Homan, director of the U.S. Immigration and Customs Enforcement (ICE), threatened to target California for becoming a sanctuary state.