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26.12.2018 03:40
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BEIJING Air Jordan 32 Australia , Aug. 3 (Xinhua) -- The private Caixin purchasing managers' index (PMI) and the official figure told a different story on China's manufacturing sector in July.


Sample difference and uneven regional performances may explain a divergence between private and official manufacturing data for China in July, a report said Wednesday.


The official data provided Monday by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing said that the purchasing PMI came in at 49.9 last month, slightly lower than June's 50.


The Caixin General China Manufacturing PMI, based on a private survey, however, added two points to stand at 50.6, the first increase since February.


A reading above 50 indicates expansion, while a reading below 50 reflects contraction, so the two versions disagree on whether the manufacturing sector had returned to expansion, as the Caixin data showed, or was still contracting.


"The official PMI covers a sample of 3,000 manufacturing enterprises, while Caixin covers only 500," said a report by the China International Capital Corporation Limited (CICC).


The CICC played down the influence of sample size while highlighting regional differences as a cause of the divergence.


"The Caixin sample may be skewed toward eastern coastal areas," said the CICC report, adding that "the official PMI covers a larger sample and is more representative."


PMI is based on indicators including production, new orders, employment and raw materials inventories.


In July, the Caixin PMI production and new orders indices rose 4 and 2.2, respectively, pushing the PMI up, while those of the official PMI fell 0.4 and 0.1, causing the divergence, the CICC report said.


Historically, the Caixin PMI has been more volatile, according to the CICC report. Since 2011, the Caixin PMI and official PMI had standard deviations of 1.4 and 0.95, respectively.


BUENOS AIRES, Nov. 24 (Xinhua) -- Spain's Rafael Nadal, ranked first in the ATP, showed why he held the top spot Sunday, beating second-seeded Novac Djokovic at an exhibition match in Argentina's capital Buenos Aires.


Nadal defeated his Serbian rival in two sets, 6-4 and 7-5, as part of a relaxed joke-and humor-filled match watched by more than 12,000 spectators.


The two tennis stars were in the South American country to support Argentina's David Nalbandian, who will retire from pro tennis.


Nalbandian, once ranked No. 3 and winner of the 2005 Shanghai Masters Cup, defeated Nadal in the first of the two matches Thursday, winning 6-4 and 7-6 (6). Nadal won the second match Saturday, 6-3 and 6-4.


During a doubles match, as part of the exhibition series, Djokovic entertained fans by doing his impersonation of Russian tennis player Maria Sharapova and later dressing up as a nurse to attend to Nalbandian.


Nadal and Djokovic also played a game against the imposing backdrop of southern Argentina's Perito Moreno glacier.


During Sunday's event, U.S. actor Will Smith, who is in Argentina to film his latest movie, "Focus," got on the court to horse around with the Serbian player.


Smith, Nadal and Djokovic were expected to show up later in the day at the capital's storied La Bombonera Stadium in support of another sport, as football teams Boca Juniors and All Boys were scheduled to play each other on Day 17 of the country's Opening Tournament.


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