Chinese manufacturing continues to expand in November

 BEIJING, Dec. 1 (Xinhua) -- China's manufacturing activity saw an increase for the third straight month in November, official data showed on Saturday.

The purchasing managers' index (PMI) rose to 50.6 percent in November from 50.2 percent in October, above the 50-percent figure that demarcates expansion from contraction¹, according to data released by the China Federation² of Logistics and Purchasing (CFLP).

Standing³ above the boom-bust line, the November index indicated that the economy may continue to pick up moderately, said Cai Jin, CFLP vice⁴ chairman.

Readings for sub-indices also indicated expansion. The sub-index for new orders climbed 0.8 percentage points from October to 51.2 percent last month. The export order sub-index for November stood at 50.2 percent, up 0.9 percentage points from the previous month.

"Increases in new orders and improvements in some PMI sub-indices means companies have finished destocking, which points to further expansion in coming months," said Zhang Liqun, an analyst⁵ with the Development Research Center of the State Council, a government think tank.

The PMI data is based on a survey of purchasing managers in more than 820 companies and 20 industries.

The PMI rebounded⁶ to 49.8 percent in September, ending four straight months of decline. The index fell below the boom-bust line in August for the first time since November 2011.x The November PMI data added to other signs of a revival⁷ in the world's second-largest economy.

Profits at companies with annual revenues of more than 20 million yuan (3.18 million U.S. dollars) surged 20.5 percent in October from one year earlier, compared with September's 7.8-percent rise, according to figures from the National Bureau of Statistics.

Customs data showed the country's exports in October posted a monthly growth of 11.6 percent, their strongest since May this year, and imports climbed 2.4 percent year on year in October, reversing a negative growth in August.

The Chinese economy will maintain the modest recovery that started in the fourth quarter, predicted UBS economist⁸ Tao Wang.

Her comment was echoed by Liu Yuanchun, professor with the Institute of Economic Research at the Renmin University of China. Liu believes the country's economic growth will pick up thanks to booming domestic consumption and increasing infrastructure⁹ investment.

To buoy¹⁰ the slowing economy, the Chinese government has rolled out an array of measures this year, including two cuts to benchmark interest rates, the easing of bank reserve requirements and the approval of infrastructure projects worth more than one trillion yuan (157.73 billion U.S. dollars).

The final reading of a privately¹¹ compiled survey by HSBC also suggested further economic recovery. The HSBC Flash China PMI bounced back to expansionary territory for the first time in 13 months to stand at 50.4 in November.

"The November flash reading by HSBC of manufacturing PMI confirms again that the economic recovery continues to gain momentum¹² toward the year end," said Hongbin Qu, chief economist for HSBC China.

HSBC's preliminary reading on manufacturing was based on data the bank collected from 85 to 90 percent of the 420 manufacturing companies it surveyed from Nov. 12 to 20, and it will publish its final November data on Dec. 3.

1 contraction   

n.缩略词，缩写式，害病

参考例句：

• The contraction of this muscle raises the lower arm.肌肉的收缩使前臂抬起。
• The forces of expansion are balanced by forces of contraction.扩张力和收缩力相互平衡。

2 federation   

n.同盟，联邦，联合，联盟，联合会

参考例句：

• It is a federation of 10 regional unions.它是由十个地方工会结合成的联合会。
• Mr.Putin was inaugurated as the President of the Russian Federation.普京正式就任俄罗斯联邦总统。

3 standing   

n.持续，地位；adj.永久的，不动的，直立的，不流动的

参考例句：

• After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
• They're standing out against any change in the law.他们坚决反对对法律做任何修改。

4 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

5 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

6 rebounded   

弹回( rebound的过去式和过去分词 )； 反弹； 产生反作用； 未能奏效

参考例句：

• The ball rebounded from the goalpost and Owen headed it in. 球从门柱弹回，欧文头球将球攻进。
• The ball rebounded from his racket into the net. 球从他的球拍上弹回网中。

7 revival   

n.复兴，复苏，（精力、活力等的）重振

参考例句：

• The period saw a great revival in the wine trade.这一时期葡萄酒业出现了很大的复苏。
• He claimed the housing market was showing signs of a revival.他指出房地产市场正出现复苏的迹象。

8 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

9 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

10 buoy   

n.浮标；救生圈；v.支持，鼓励

参考例句：

• The party did little to buoy up her spirits.这次聚会并没有让她振作多少。
• The buoy floated back and forth in the shallow water.这个浮标在浅水里漂来漂去。

11 privately   

adv.以私人的身份，悄悄地，私下地

参考例句：

• Some ministers admit privately that unemployment could continue to rise.一些部长私下承认失业率可能继续升高。
• The man privately admits that his motive is profits.那人私下承认他的动机是为了牟利。

12 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。