The NBS data also showed milder expansion in the service sector this month as the non-manufacturing PMI went down to 54.3 from 55.4 in September.
Cai Jin, deputy head of China Federation of Logistics and Purchasing, said the non-manufacturing sector was still generally steady, adding that consumption would continue to play a leading role in driving economic growth.
The PMI came as the first major economic indicator for the last quarter, a period that some analysts had predicted would witness a loss of impetus in the economic engine. But the fresh data suggests that lingering downward pressures will be limited.
Steven Zhang, an economist with Morgan Stanley Huaxin Securities, said the inertia of growth impetus from the first three quarters would help ensure the economy to expand at a 6.7-percent pace during the remainder of the year.
The IMF has raised its forecast for China growth for the fourth time this year, estimating the economy to grow 6.8 percent this year and 6.5 percent next year, both 0.1 percentage points higher than previous predictions.
The official growth target set at the beginning of the year was only around 6.5 percent for 2017.
Given less concern on the growth rate, Zhang with Huaxin believes the government is unlikely to loosen its "prudent and neutral" monetary policy.
But some economists still cautioned against over-optimism, saying growth may have peaked.
【国际英语资讯:Chinas stable factory activity points to solid economy】相关文章:
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