Beijing Says It Suspended Guangdong Economic Indicator Over Paperwork
China’s national statistics bureau ordered a department of the Guangdong government to suspend surveying manufacturers for a closely watched regional economic indicator because the province let its approval lapse.
The suspension of the southern province’s manufacturing purchasing managers’ index (PMI) took place in October (link in Chinese) after several weak readings of the indicator added to concerns that China’s exports were flagging amid the trade war with the U.S. Until October, Guangdong’s Department of Industry and Information Technology had released the survey every month for seven straight years.
- 1China’s Moon Explorer Posts Photo of Sprouting Cotton Plant
- 2Huawei Canada Exec Quits as Scandal Continues to Embroil Company
- 3Luckin Coffee Reportedly Seeks IPO in Hong Kong
- 4Bank of China to Test Waters for Perpetual Bonds
- 5Apple Chief Counsel Accuses Qualcomm of Holding Phone-Makers for ‘Ransom’
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas