Market Highlights And Important Economic Data This Week

< p > 1, China's Manufacturing Purchasing Managers Index (PMI) in April was 48.1, which was lower than the initial value of 48.3, but slightly higher than the final value of 48 in March.

The index has been in the shrinking region for four consecutive months.

The production and new orders index rose slightly compared with the previous month, but is still below 50, which is inferior to the initial value.

The new export orders declined significantly, from 51.3 last month to 48.9 below the ups and downs.

PMI is more than 50 indicating that manufacturing is expanding, and less than 50 indicates a shrinking manufacturing industry; it is a comprehensive index based on five single indicators.

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< p > 2, China's < a href= > //www.sjfzxm.com/news/index_c.asp > > the Ministry of Commerce < < /a > issued a report recently, pointing out that the trend of world economic recovery tends to improve in 2014, China's economy has started smoothly, and the import and export of the whole year is expected to maintain relatively stable growth, but the difficulties and challenges facing foreign trade are still more.

In the China foreign trade situation report (spring 2014), the Ministry of Commerce said that the economic situation in developed countries has been further improved, the pressure of fiscal tightening has been reduced, and the support for the recovery of the world economy has been formed.

The report believes that China's external demand is uncertain.

The biggest variable is that the US Federal Reserve will completely withdraw from quantitative easing policy during the year. It will also push up the interest rate of the financial market while guarding against the new a href= "//www.sjfzxm.com/news/index_c.asp" > asset price < /a > bubble. It will accelerate the redistribution of international capital and affect the recovery process of other developed countries and emerging economies.

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< p > 3, the China Electric Power Enterprise Association released a report on Monday that China's economic growth is expected to recover slowly in the remaining three quarters of this year, and the growth of electricity demand will also steadily increase. In the first half of this year, the total electricity consumption of the whole society increased by 6%, increasing by 7% over the whole year, which is better than the 5.4% growth rate in the first quarter.

In the first quarter of the year, the CCLC pointed out that the overall balance of power supply and demand is expected to exist in the first quarter of the year, and that the supply and demand in some regions are loose and the supply and demand in some regions are tight.

The report said that in the first half of the year, the total electricity consumption of the whole society increased by 5.5%-6.5% compared with the previous year, and recommended a growth of about 6%. It is estimated that the total social electricity consumption will increase by 6.5%-7.5% over the same period of the year, and it will continue to recommend an increase of about 7%.

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< p > 4, OECD said on Tuesday that China's economic growth rate could slow to 7.4% in 2014 from 7.7% last year as the government curbs credit risk and controls overcapacity.

In November last year, OECD predicted that China's economic growth rate would accelerate to 8.2% in 2014.

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< p > 5, the latest report of the people's Bank of China < < a href= > //www.sjfzxm.com/news/index_c.asp > > < < /a > > executive report data shows that the excess reserve ratio of financial institutions is 1.8% at the end of 3.

At the end of the quarter, the figure hit a new low since the end of 2011.

However, market participants pointed out that although the overall overtaking level was relatively low, it was not particularly intense in March.

Taking the seven day repurchase weighted interest rate in the inter-bank market as an example, the highest level in late March is less than 5%, which is significantly lower than the nearly 9% level in late December last year, far from the 10% high point of last year's "shortage of money" at the end of last year.

In recent times, liquidity expectations in the market are relatively stable, and the repo rate is more volatile in the 3%-4% range.

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< p > 6, and both employment and business expectations dropped to a low of seven months. HSBC China's service purchasing managers index (PMI) dropped to 51.4 in April, lower than the four month high of 51.9 last month, but still in a moderate expansion area.

China's service industry PMI in April showed that in April, the sub index of enterprises was expected to be 60.7, a low point since September 2013.

The employment sub index shows that the growth rate of employment is also the lowest since last September. Although some enterprises say that there are still additional staff, others have reduced their employees due to cost reasons.

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< p > 7, China's imports and exports in April grew year by year, although the increase was slight but still better than expected.

Analysts believe that this shows that the foreign trade industry has shown signs of stabilization. With the dissipation of trade growth in the same period last year, exports are expected to resume to normal level in May.

China's Customs announced on Thursday that exports in April increased by 0.9% compared to the same period last year, while imports increased by 0.8% over the same period last year. The median value of Reuters visits analysts dropped by 1.7% and 2.3% respectively. The trade surplus of that month was 18 billion 450 million US dollars and Reuters forecast a median surplus of 13 billion 900 million US dollars.

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