Sunday January 21, 2018
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China Punished 300,000 People In 2015 For Corruption

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China’s ruling Communist Party said Sunday that it punished nearly 300,000 officials last year in a wide-ranging crackdown on corruption. The figures were released by the party’s official graft watchdog — the Central Commission for Discipline Inspection (CCDI) — during China’s annual parliamentary session. According to media reports, which cited a statement published by the CCDI…

  • Shriya Katoch

    India needs to handle corruption with a firm approach too. Let this be an example for india.

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China’s industrial expansion slows down

Chinese manufacturing sector activity expanded at a slower pace in December while the service sector continued its growth.

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China's industrial expansion on a slow down. Pixabay
China's industrial expansion on a slow down. Pixabay
  • This December, China witnessed a slow rate of it’s industry expansion.
  • The service sector is growing whereas the manufacturing sector is bearing the brunt of the slowed pace.

Chinese manufacturing sector activity expanded at a slower pace in December while the service sector continued its growth, according to the Purchasing Managers’ Index (PMI).

China's manufacturing industry experienced a slow growth rate. Pixabay
China’s manufacturing industry experienced a slow growth rate. Pixabay

The PMI of China’s manufacturing activity was released on Sunday. It stood at 51.6 points in December, down from 51.8 in November, Efe news quoted the figures released by the National Bureau of Statistics (NBS) as saying.

 In contrast, the service sector activity grew to stand at 55 points in December as compared to 54.8 in November.

A figure above 50 points suggests expansion while a figure lower than 50 indicates contraction. The service sector already accounts for more than half of China’s gross domestic product.

The December figure for the manufacturing index was at par with the annual average, which points to strong resilience in China’s growth, according to NBS statistician Zhao Qinghe. IANS

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