China's manufacturing expansion in February than expected in 2017 the economy started strong performance

The increase in demand and stimulus measures continued to affect the growth momentum, in February a measure of manufacturing activity in China, an increase in official indicators than expected, showing strong economic performance in 2017.

    According to the US "Wall Street Journal" website reported on March 1, China's National Bureau of Statistics announced on Wednesday, February official manufacturing purchasing managers index (PMI) from 51.3 in January rose to 51.6.

    The 10 economists who had previously been interviewed by the Wall Street Journal reported an estimate of 51.3.PMI has risen above 50 for more than 50 consecutive years.

    New orders index, output index and export index and other indicators have increased. Wednesday's February China's official non-manufacturing PMI fell to 54.2 from 54.6 in January.

    In addition, Wednesday's February PMI's new manufacturing PMI rose to 51.7 from 51.0 in January.

    Industrial Finance economist Zhang Fan said, PMI's rise unexpectedly, mainly due to the performance of mainstream steel and other industries stronger than expected. He said the economic growth momentum is better than expected, so there is no pressure in the near future, but the second half may be slightly slower growth.

    Economists said the outlook for manufacturing in February provided more room for policymakers to cope with financial risks and advancing reforms. However, they said that in the restructuring of state-owned enterprises and local government debt made any significant progress in the time, may be postponed until this fall.

    National Bureau of Statistics economist Zhao Qinghe on Wednesday with the manufacturing PMI released comments that domestic and international demand has improved, business confidence in the future development continued to increase, especially the equipment manufacturing and high-tech manufacturing.

    According to Reuters reported on March 1, China's industrial activity in February to expand faster than expected, domestic and export demand increases, which further shows that the global economy in people worried about the momentum of trade protectionism rising again to win the momentum.

    The official and private business survey released Wednesday showed that both manufacturing output and order growth both accelerated in February, giving the government more room to focus on defusing the financial risks facing the economy as debt continued to rise.

    "This is where China 's official manufacturing PMI is growing for the seventh consecutive month, meaning that industrial activity is still on the uptrend," said Zhou Hao, an emerging market economist at the German commercial bank in Singapore.

    Zhou said that China's central bank "is very likely" to raise short-term interest rates by 10 basis points in March, which will be the third since months, because the government is more confident that the economic base is solid.

    In the case of increased risk of debt explosion, the central bank in recent months to change the attitude of caution, from years of ultra-loose policy to bias tightening, the purpose is to get rid of the world's second largest economy, the risk of hard landing.

    Wednesday's official manufacturing PMI rose to 51.6 in 3 months, up from 51.1 of the previous forecast.

    China's industrial sector benefited from the construction industry boom that started last year, from cement to steel and other building materials demand and prices, increased sales and profits.

    February industrial output growth accelerated to 53.7, higher than the 53.1 in January; new orders total growth rate also accelerated.