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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
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  • 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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Service is part of India’s culture: Modi, in his latest ‘Mann Ki Baat’

"The son of man has come, not to be served, but to serve, and to give his life, as blessing to all humankind," Modi said talking about Christ's commitment to service.

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Prime Minister, Narendra Modi stressed on the importance of service to others in his last Mann Ki Baat edition for 2017.
Prime Minister, Narendra Modi stressed on the importance of service to others in his last Mann Ki Baat edition for 2017.
  • Modi stressed on importance of service to humankind.
  • He said, service is the biggest identity of humankind.

Prime Minister Narendra Modi on Sunday said that “service to people” was the biggest identity of humankind and also a part of India’s culture.

Modi
‘Service is biggest identity of humankind.’ – Modi

“On December 25, Christmas was celebrated across the world. It was also celebrated in India. On this day we remember the teachings of Lord Jesus Christ, and the thing we remember the most was his teachings on service,” Modi said in 2017’s last edition of his radio programme ‘Mann Ki Baat’.

He also said that we see emphasis on service in the Bible.

“The son of man has come, not to be served, but to serve, and to give his life, as blessing to all humankind,” Modi said talking about Christ’s commitment to service.

“Serving people is the biggest identity of humankind.” IANS

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