Ferrosilicon Daily Express 10.10

  • Saturday, October 10, 2020
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon,futures,spot
[Fellow]A reading above 50 indicates expansion, while a reading below reflects contraction.

[Ferro-Alloys.comThe purchasing managers' index (PMI) for China's manufacturing sector came in at 51.5 in September, up from 51 in August, the National Bureau of Statistics said Wednesday.

A reading above 50 indicates expansion, while a reading below reflects contraction. It is the seventh month in a row that the figure has remained in the expansion territory.

Commenting on the sustained expansion, NBS senior statistician Zhao Qinghe said the Chinese economy keeps recovering steadily with increasing positive factors as the country continues to advance the policies of balancing epidemic control and economic development.

China has over 110 million 5G users and is expected to have more than 600,000 5G base stations by the end of this year, covering all cities at prefecture level and above, according to the 5G Innovation and Development Forum held on Sept 15 during the Smart China Expo Online in southwest China's Chongqing municipality.

Since 5G licenses for commercial use for more than one year were issued, the country has made steady progress in the construction of its 5G network infrastructure, said Han Xia, director of the telecom department at the Ministry of Industry and Information Technology, adding that Chinese telecommunications companies have already built over 500,000 5G base stations with over 100 million 5G internet terminals.

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The 2nd China Manganese Rich-Slag Technology Innovation and Policy Summit
Beijing, China    Oct. 30-31 2020
 
  • [Editor:kangmingfei]

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