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Asia’s factories are back in business!

Posted by: Alloy 2021-01-09 Comments Off on Asia’s factories are back in business!

Finally after what seemed an eternity, Asia’s manufacturing industry is on the rise (I hope I’m not speaking too soon). 
Statistics gathered by (Markit, 2016), (National Bureau of Statistics, 2016) and (FactSet, 2016) have suggested that manufacturing in Japan, Taiwan, China and South Korea is showing signs of progression. 

Asia’s factories are back in business!Asia’s factories are back in business!

In relation to China, the PMI of manufacturing has exceeded the market expectations, increasing from 49.9 to 50.4 in July and August respectively, a period analysts expected to remain unchanged. 

The 50.4 reading in China is the best the country has seen since October 2014. The results are anticipated to have a knock on effect for a number of other statistics with Zhou Hao, a senior 

emerging-market economist in China anticipating that it will provide added strength the Chinese Yuan, the result has also caused Commerzbank to alter its GDP predictions from 6.3% to 6.7%. 

Similar reactions to the statistics have been seen in both Japan and Taiwan. 

South Korea has suffered more than most this year, with a majority seeing positive first half results in export volumes unlike South Korea, but finally they are also seeing positive statistics. 

The fact South Korea are seeing positive results is perhaps more surprising than that of the other Asia-Pacific countries, considering the fact they are suffering from a rapidly declining shipping industries 

(One of the main economic sources).

However, as we are a manufacturing based company in China, it is nice to finally see some positive trends for the industry! 

Shanghai Metal Corporation is a trusted aluminum alloyaluminum foil pricestainless steel price and stainless steel manufacturer, kinds of stainless steel in china. It also includes stainless steel tubestainless steel meshstainless steel sheet.

Guest contributors are welcome at the Alloy Wiki.It is a weekly wiki and guide on alloy information and processing technology, while also about the vast array of opportunities that are present in manufacturing. Our team of writers consists of a Machining Material Supplier / Machinist / Tool and Die Maker, a Biomedical Engineer / Product Development Engineer, a Job Development Coordinator / Adjunct Professor, and a President and CEO of a manufacturing facility.

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