binance left Huobi Global Coinmarketcap net_left Phương Thức Thanh Toán

China April factory activity contracts at steeper pace as lockdowns bite

30 Tháng Tư 2022
China April factory activity contracts at steeper pace as lockdowns bite © Reuters. FILE PHOTO: Workers in protective suits stand on a street during a lockdown, amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China, April 16, 2022. REUTERS/Aly Song

BEIJING (Reuters) - China's factory activity contracted at a steeper pace in April as widespread COVID-19 lockdowns halted industrial production and disrupted supply chains, raising fears of a sharp economic slowdown in the second quarter that will weigh on global growth.

The official manufacturing Purchasing Managers' Index (PMI) fell to 47.4 in April from 49.5 in March, in a second straight month of contraction, the National Bureau of Statistics (NBS) said on Saturday. That was the lowest since February 2020.

A Reuters poll had expected the PMI to ease to 48, well below the 50-point mark that separates contraction from growth on a monthly basis.

The headline PMI reading, combined with an even sharper crimp in services, offered the first clues into the performance of an economy ravaged by expanding COVID curbs, such as an extended shutdown of the commercial hub, Shanghai.

Factory activity shrank at its steepest pace in 26 months, a Caixin survey of private business showed, with the new export orders index diving to its lowest since June 2020, suggesting a weakening in one of the few bright spots in the economy.

In a statement, the statistics bureau linked COVID disruptions to as significant decline in both demand and supply in the manufacturing sector.

"Some companies face difficulties in key raw material and component supplies, finished products sales and rising inventories," the NBS said, with matters seen improving with the pandemic under control and the adoption of supporting policies.

Dozens of major Chinese cities are believed to be in full or partial lockdown, thanks to a strict COVID policy.

With hundreds of millions stuck at home, consumption is taking a heavy hit, prompting more analysts to cut growth forecasts for the world's second-largest economy.

The production sub-index slipped to 44.4 in April from 49.5 a month earlier, while new orders fell to 42.6 from 48.8 in March, according to the NBS.

RISING RISK OF RECESSION?

Electric car maker Tesla (NASDAQ:TSLA) has flagged a temporary drop in production due to China's curbs after it said last week shutdowns had cost about a month of build volume at its Shanghai factory.

Some analysts are even warning of rising recession risks, saying policymakers must provide more stimulus to reach an official 2022 growth target of about 5.5%.

Apart from COVID curbs and heightened risks from the Ukraine War, persistently soft consumption and a prolonged downturn in the property market are also weighing on growth, analysts say.

Authorities have promised more help to shore up confidence and ward off further job losses in a politically sensitive year.

China will step up policy support, the Politburo, a top decision-making body of the ruling Communist Party has said, giving some cheer to battered stock markets.

However, analysts say their task will become harder unless China eases its zero-COVID policy, which it has shown few signs of doing.

"While these (official) messages are positive, the key is about the specific policies and their implementation," Zhiwei Zhang, president and chief economist of Pinpoint Asset Management said in a client note on Friday.

Moreover, analysts say traditional policy tools, such as interest rate cuts and larger liquidity injections, may have limited impact if lockdowns paralyse activity.

President Xi Jinping chaired a meeting of top leaders this week that announced a big infrastructure push to boost demand, reinforcing Beijing's preference for big-ticket projects to spur growth.

But such projects take time, and Beijing is seen as wary of another massive stimulus programme such as its spending of 4 trillion yuan ($605.82 billion) during the global financial crisis in 2008 and 2009 that created a mountain of debt.

An abrupt U-turn to more aggressive easing could also spur more capital outflows, adding to headaches for policymakers.

China's yuan currency fell more than 4% in April, its biggest monthly drop in 28 years, while stock markets have been the second worst performers this year after sanctions-hit Russia. [CNY/]

China's gross domestic product (GDP) grew 4.8% in the first quarter from a year earlier, beating analysts' expectations for a 4.4% gain, but March data weakened sharply, with a contraction in retail sales and the highest jobless rate since May 2020.

A sub-index of construction activity, a key economic driver Beijing hoped would prop up growth this year, stood at 52.7 in April, down from 58.1 in March.

Construction equipment maker Caterpillar Inc (NYSE:CAT) warned on Thursday that demand for excavators in China, one of its largest markets, could slip below pre-pandemic levels in 2022. Lockdowns have also hurt sales of companies such as General Electric (NYSE:GE) Co and 3M Co.

One banker at a top-ten Chinese bank said she had seen the greatest impact among small to medium-sized enterprises.

"The smaller borrowers, especially those in manufacturing are really suffering this time round, because they don't have the cash reserves," she said.

Để lại bình luận
Hot Auto Trade Bot ig right nyse right Neteller Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
rakuten_main right top net_home_top Ai VIF Binance _ main right top fbs_main right top tifia_main right top
24-05-2022 01:24:10 (UTC+7)

EUR/USD

1.0683

+0.0123 (+1.17%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (0)

EUR/USD

1.0683

+0.0123 (+1.17%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (0)

GBP/USD

1.2572

+0.0085 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/JPY

127.89

+0.04 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (0)

AUD/USD

0.7103

+0.0070 (+1.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/CAD

1.2783

-0.0053 (-0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

EUR/JPY

136.62

+1.61 (+1.19%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

EUR/CHF

1.0326

+0.0031 (+0.30%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Gold Futures

1,854.05

+11.95 (+0.65%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Silver Futures

21.819

+0.145 (+0.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Copper Futures

4.3390

+0.0640 (+1.50%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (3)

Crude Oil WTI Futures

110.25

-0.03 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

Brent Oil Futures

110.75

+0.76 (+0.69%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (2)

Natural Gas Futures

8.783

+0.605 (+7.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

215.58

-0.27 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Euro Stoxx 50

3,708.39

+51.36 (+1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

S&P 500

3,975.70

+74.34 (+1.91%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

DAX

14,175.40

+193.49 (+1.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,513.44

+123.46 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Hang Seng

20,470.06

-247.18 (-1.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

1,796.20

+27.85 (+1.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

IBEX 35

8,625.80

+141.30 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

BASF SE NA O.N.

49.735

+0.885 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

64.47

+0.73 (+1.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Allianz SE VNA O.N.

199.38

+3.80 (+1.94%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Adidas AG

175.48

+2.68 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.903

+0.051 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

Siemens AG Class N

116.70

+1.62 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.018

+0.656 (+7.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0683Buy
 GBP/USD1.2572↑ Buy
 USD/JPY127.89↑ Buy
 AUD/USD0.7103↑ Buy
 USD/CAD1.2783↑ Sell
 EUR/JPY136.62↑ Buy
 EUR/CHF1.0326↑ Buy
 Gold1,854.05↑ Buy
 Silver21.819↑ Buy
 Copper4.3390↑ Buy
 Crude Oil WTI110.25↑ Buy
 Brent Oil110.75↑ Buy
 Natural Gas8.783↑ Buy
 US Coffee C215.58↑ Buy
 Euro Stoxx 503,708.39↑ Buy
 S&P 5003,975.70Buy
 DAX14,175.40↑ Buy
 FTSE 1007,513.44↑ Buy
 Hang Seng20,470.06Neutral
 Small Cap 20001,796.20↑ Buy
 IBEX 358,625.80↑ Buy
 BASF49.735↑ Buy
 Bayer64.47↑ Buy
 Allianz199.38↑ Buy
 Adidas175.48↑ Buy
 Lufthansa6.903Neutral
 Siemens AG116.70↑ Buy
 Deutsche Bank AG10.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,890/ 6,990
(0/ 0) # 1,765
SJC HCM6,905/ 6,995
(0/ 0) # 1,769
SJC Hanoi6,905/ 6,997
(0/ 0) # 1,771
SJC Danang6,905/ 6,997
(0/ 0) # 1,771
SJC Nhatrang6,905/ 6,997
(0/ 0) # 1,771
SJC Cantho6,905/ 6,997
(0/ 0) # 1,771
Cập nhật 24-05-2022 01:24:12
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,853.47+7.650.41%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$110.13+0.390.36%
Brent$113.29-0.3-0.27%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 18:52:02 23/05/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right Phương Thức Thanh Toán