October HSBC PMI initial value and 3 months highs

Eastern coastal areas entrepreneurs confidence noticeably
Reporter FangYe HeXinRong HuangShen steel Beijing Shanghai hangzhou reports
24 released on October HSBC manufacturing purchasing managers' index (PMI) initial record 49.1, for 3 months highs. HSBC PMI is considered more reflect the small and medium-sized enterprise boom conditions. And the data corresponding is that the economic reference news reporter recently interviewed found that eastern coastal areas entrepreneurs confidence is noticeably.
"October HSBC manufacturing purchasing managers index initial value in three months, display high the policy gradually markedly improved, growth stabilises, expected fourth quarter visible modest uptick. Prospective to watch, the external environment is still barely satisfactory, the employment market pressure sustained. In inflationary pressure mild controllable background, policy support should still continue." HSBC greater China area chief economist QuHongBin (micro Po) comments on data says, "combining announced a few days ago on September monthly economic data to see, oct. HSBC manufacturing PMI initial display manufacturing activity lasted milder situation, new orders picks up, go to stock near the end. Early on the introduction of the including liquidity support, the infrastructure investment accelerated and the fiscal expenditure to expand and a series of policy measures effect gradually revealed, and domestic demand picking up, business confidence to bounce back.
The judgment and the economic reference news reporter field understand situation basic consistent. The eastern coastal as China's economy the most developed regions, tend to be the first to feel the economic change area. Here, the reporter interviewed a number of enterprises, obviously feel entrepreneurs confidence back.
Jiangsu zhongtian iron and steel group is a now produces 20 m tonnes a year around 8 million tons medium steel enterprise. Zenith steel vice President ZhouGuoQuan told reporters that the recent feeling comes from manufacturing orders or compare insipid, but from the railway, rail transportation infrastructure field demand increases obviously and link growth at 10% to 20%. In addition, has been flagging steel price finally usher in a wave of decent rebound. Iron and steel spot trading platform "XiBen Shinkansen" monitoring shows that since late September steel price increase 300 yuan to 400 yuan a ton.
In the steel (3679,5.00, 0.14%) sales price drawn up at the same time, steel prices with iron ore inventory digestion and exhausted. "The building steel tons gross margin can reach 300 yuan. Estimates that in winter before, should maintain a good market. ZhouGuoQuan said.
RuiDi families microelectronics is a company in the nasdaq (micro Po) listed IC design company. RuiDi section chief financial officer DongLi tells a reporter, this year it is expected that the company's revenue can reach about $350 million a year earlier, increase by more than 20%.
According to DongLi introduction, the company plans to enter the next year more high-end 3 g chip area. With China's chip industry design, manufacturing and assembly and test of industrial integration further forming, cost advantage will be more highlights. In the next five years, the chip class company will maintain rapid growth.
From the data to see, HSBC PMI initial picks up the main benefit from new orders index rose to 6 months high, among which new export orders index rebounded significantly. The economic reference news reporter in the survey found that the current foreign trade situation is getting warmer signs, many foreign trade enterprise began to "HuoFan" rise.
On October 12,, the main office stationery ningbo capable group spend more than 1300 ten thousand yuan, invited more than 1000 dealers to its headquarters is located in the zhejiang yuan dealers. Why do companies in the economy is not too a boom time still dare to spend a lot of money? Capable group general manager of ministry of foreign trade WangYuMei said that this year the company stationery exports have more than 60 million us dollars, and also in monthly 20% to 50% of the growth, has its own brand of growth more than the rate of growth of OEM. Group deputy general manager YouJunWei said: "in the difficult time, we need to talk to foreign dealers show strength, boost industry confidence."
Some enterprise busy foreign customers "please come in", some are busy with their "going out". There is "China center, zhejiang shaoxing city shop mouth town, MingShi group chairman of the board FengJianMing is planning with executive team far go to Russia, visit an old customer, develop new business. "Our main market is in Russia in the first eight months of this year, total sales of 140 million yuan, a year-on-year increase of 46%; r has reached 115 million, a 26% increase year-on-year. Get such a good result from customer support." FengJianMing said.
Nevertheless the reporter in the field interview also learned that entrepreneurs to the current economic bounce back is still not fully trust. Some foreign trade business owners think, from macroscopic surface look, now returned to normal level "see head", the recent foreign trade stabilised better off, more is rooted in the state council and its ministries and commissions "steady growth" policy stimulus comes on stage in succession. To this, China democratic national construction association, vice chairman of the central committee GuShengZu (micro Po) think, or should publish measures to ease the enterprise financing and labor shortage, high cost, taxes and fees heavy life difficult.