BEIJING, March 31 (Xinhua) — The purchasing managers\’ index (PMI) for China\’s non-manufacturing sector came in at 58.2 in March, up from 56.3 in February, the National Bureau of Statistics said Frida
Tag: index
China\’s manufacturing activity expands for three consecutive months
BEIJING, March 31 (Xinhua) — China\’s manufacturing activity has maintained expansion for three straight months, offering fresh evidence of the country\’s steady economic recovery, official data showed
China\’s non-manufacturing activity picks up pace in March
BEIJING, March 31 (Xinhua) — China\’s non-manufacturing activity this month registered the fastest expansion in more than a decade thanks to rapidly recovering services and a vibrant construction indu
U.S. mortgage applications up 3 pct in past week
WASHINGTON, March 22 (Xinhua) — U.S. mortgage applications climbed 3 percent over the past week, according to data published Wednesday from the Mortgage Bankers Association (MBA).Demand increased for
Dow sinks 530 points after Fed rate hike
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on March 22, 2023. (Xinhua/Liu Jie)Fed Chair Jerome Powell said the rate-setting committee c
Crude and gold may continue swinging
Shoppers look at gold ornaments at a jewelry store in Beijing. [PHOTO by JIANG DONG/CHINA DAILY]Experts expect volatility as appetite for risk down due to global lenders\’ woesCrude oil and gold prices
U.S. dollar dips as traders weigh banking turmoil
NEW YORK, March 20 (Xinhua) — The U.S. dollar weakened in late trading on Monday as traders cautiously weighed Swiss banking giant UBS\’s takeover of Credit Suisse.The dollar index, which measures the
Interview: China\’s 2023 economic growth target "achievable" with potential for upside, says UBS strategist
NEW YORK, March 15 (Xinhua) — China\’s 2023 economic growth target of around 5 percent unveiled at the \”two sessions\” is attainable, with potential for upside as the world\’s second-largest economy sta
China\’s service sector reports accelerated recovery in Jan-Feb
BEIJING, March 15 (Xinhua) — China\’s service sector witnessed an accelerated recovery momentum in the first two months of 2023, official data showed Wednesday.The index gauging the country\’s service
U.S. Consumer Price Index rises 0.4 percent in February
Photo taken on March 14, 2023 shows a house for rent in Washington, D.C., the United States. The U.S. Consumer Price Index (CPI) for All Urban Consumers rose at 0.4 percent in February, according to g