National Bureau of Statistics: In April, the manufacturing purchasing managers' Index was 49.0%, a decrease of 1.5 percentage points from the previous month.
On April 30th, the National Bureau of Statistics released the running situation of China's Purchasing Manager Index for April 2025.
National Statistics Bureau interpretation: In April, the Manufacturing Purchasing Managers' Index saw a decline, while the Non-Manufacturing Business Activity Index continued to expand.
The National Bureau of Statistics Service Industry Survey Center and China Federation of Logistics and Purchasing released the China Purchasing Managers' Index. In this regard, Zhao Qinghe, a senior statistician from the National Bureau of Statistics Service Industry Survey Center, provided an interpretation.
China to Roll Out More Stimulus, Confident in Meeting 2025 Growth Target- Official
China Industrial Profit Rises in March -- WSJ
Pan Gongsheng: A moderately accommodative MMF policy will be implemented to promote the high-quality development of China’s economy.
The President of the People's Bank of China, Pan Gongsheng, emphasized that economic fragmentation and ongoing trade tensions continue to disrupt the Industry Chain and supply chains. Major economies should strengthen their participation in the coordination of international macroeconomic and financial policies to maintain Global economic and financial stability.
The central bank's press conference today highlighted key points: improving the efficiency of KUAJINGZIJIN flow and reducing the costs of cross-border trade. Here's the interpretation!
① Multiple departments recently jointly issued the "Action Plan for Further Enhancing the Convenience of Cross-Border Financial Services in Shanghai International Financial Center"; ② The central bank held a press conference today, and relevant officials stated that they will continue to optimize the policy toolbox for cross-border financial services, effectively supporting enterprises in going global; ③ Several market participants told reporters that the plan emphasizes the cross-border use of the RMB, providing policy guidance for international trade and investment financing.
Spinee OP : Singapore and China will enhance capital markets cooperation, planning a cross-border e-CNY pilot.
MAS and PBCDCI are embarking on a pilot that will allow travelers from both countries to use e-CNY for tourism spending in Singapore and China.