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By : Isha Verma, Sales/BD Manager, Larsen & Toubro
Activity:  5 comments  629 views  last activity : 07 06 2010 20:18:04 +0000
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Nowadays every news is covering on Manufacturing happening  in China as the China manufacturing has expanded for a sixth consecutive month this august, From the news report it suggests that the world's third largest economy is stabilising.

The Purchasing Managers Index report that was published by the China Federation of Logistics and Purchasing showed the sector expanded in August to 54.0, up from 53.3 in July. August PMI's continued to increase slightly, indicating China's economy will maintain the upward momentum,


http://www.theaustralian.news.com.au/common/imagedata/0,,6423896,00.gif

 

It is said that out of 20 industries surveyed, only the textile and pharmaceutical industries are not doing that well.

And there is a reported a rise in imports, including raw materials, after five several months of decline, the statement said, even the domestic demand is also driving China's economic recovery.  The forward-looking components of PMI indicate continued expansion in both domestic and export demand, China's economy expanded by 7.9 per cent in the second quarter, up from 6.1 per cent in the first quarter, mainly as a result of massive government spending amid the global downturn.

Beijing announced a 585-billion-dollar stimulus package last year in a bid to prop up growth in the country by boosting investment in infrastructure and other government backed projects.

What can India learn from china?

 Top Comment : AMOD KUMAR YADAV   | 09 01 2009 12:12:26 +0000
It's fact Isha... Now a days Lots of major projects in Europe, Africa and Middle East are depended on chinese products range. Market slow down have opened new door for china because they have very good range of value for money products. Projects can't afford specified products (Specify by Architects & Consultants) because of lack of investors and market condition, however at the same time they want to complete the project in designated time frame. Everybody want value engineering and reduce the project cost.
 
5 comments on "China manufacturing expands for sixth straight month"
  Commented by  Mohammad Bakhsh, Rtd.Dy Chief Engineer    | 03 22 2010 11:06:18 +0000
 The only impediment in going ahead of China is the hesitation in opening up.Being a democracy the spacing and dimension of speed breakers is not servicing economy well.
  Commented by  Rajena Kumar Kumar, Sales/BD Manager, Infosys    | 09 01 2009 14:56:23 +0000
Rating : -1 
Nice insight Isha, according to me its simple it was all due to China's industrial output that climbed marginally to 10.8% in July compared with 10.7% in June.And also rebounding manufacturing sector came along with recovering exports as the world's stimulus plans of $2.2 trillion helped world demand to stabilize after it was severely deteriorated since the beginning of the financial crisis. Also the Chinese stimulus plan of 4 trillion yuan helped spur domestic demand that was in the favor of Chinese manufacturers and not anybody else...even we need to create something like this we should create more demand for our products domesticall first and then concentrate more towards the global market.
  Commented by  Abhijeet Kadian, Sales/BD Manager, Bharat Heavy Electricals    | 09 01 2009 14:52:35 +0000
Rating : +1 
PMI manufacturing in China has inclined for the sixth consecutive month in August indicating a continuous improvement in the nation's manufacturing sector. The Chinese industrial output started showing signs of improvement in the last few months ago itself with improving exports that started to recover as the world demand is improving at the current stage.

So i guess there should be a good export market for our products for which the demand should be in a continous process.
  Commented by  Prakash Saitwal, Technical Support Manager, Aditya Birla Management Corporation P. Ltd.    | 09 01 2009 13:08:25 +0000
Rating : +2 
India should develop her own strategy to accelerate progess, rather than imitating China.
Because-
China's growth looks very attractive on paper.
It is achieved through compilation of selective data. In the past 6 months, China's statistics about GDP growth is disputed by westens statisticians.
China's industrial growth is achieved on strategy of "achieving at any cost". It is not based on standing on sound labour rules.
India should have a developemnt strategy, to suit it's socio-economic environment. It is essential for sustaining the growth.
  Commented by  AMOD KUMAR YADAV, Manager - Projects Sales & Marketing, RDK INTERNATIONAL LIGHTING LLC    | 09 01 2009 12:12:26 +0000
Rating : +2 
It's fact Isha... Now a days Lots of major projects in Europe, Africa and Middle East  are depended on chinese products range. Market slow down have opened new door for china because they have very good range of value for money products. Projects can't afford specified products (Specify by Architects & Consultants) because of lack of investors and market condition, however at the same time they want to complete the project in designated time frame. Everybody want value engineering and reduce the project cost.
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