China’s economy last year expanded at its slowest pace in nearly three decades. Photo: Reuters

China says it has no motivation to inflate data as Beijing pursues slower but ‘quality growth’

  • National Bureau of Statistics official has conceded that there were problems before in compiling data but they have been ‘dealt with’
  • Majority of the country’s 31 provinces have lowered growth targets for 2019, according to state media reports
Topic |   China economy

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China’s economy last year expanded at its slowest pace in nearly three decades. Photo: Reuters
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The official purchasing managers’ index (PMI) rose to 49.5 this month from 49.4 in December. This was higher than the expectations of a group of analysts polled by Bloomberg, which had predicted that it would dip slightly to 49.38. Photo: Reuters

China’s manufacturing shrank again in January, as fears of further economic slowdown mount

  • Official purchasing managers’ index (PMI) rose to 49.5 from 49.4 in December as factory activity in China contracted for a second consecutive month
  • Non-manufacturing PMI rose to 54.7 from 53.8 in January, well above analysts’ expectations of 53.8, according to Bloomberg poll
Topic |   China economy

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The official purchasing managers’ index (PMI) rose to 49.5 this month from 49.4 in December. This was higher than the expectations of a group of analysts polled by Bloomberg, which had predicted that it would dip slightly to 49.38. Photo: Reuters
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