China’s economic recovery loses steam as factory production contracts further

Hong Kong CNN  — 

Factory activity in China has slumped to its weakest level since the country ended its zero-Covid policy in December, as its economic recovery continues to lose steam.

Asian markets tumbled following the release of the May data, even as a tentative agreement brokered by US President Joe Biden and House Speaker Kevin McCarthy to raise the US debt ceiling cleared a key hurdle on Tuesday evening. Hong Kong’s stock index dropped the most among regional markets Wednesday and is poised to enter bear market territory, which is defined as a decline of at least 20% from a recent peak.

China’s official manufacturing Purchasing Managers’ Index (PMI) dropped to 48.8 this month, down from 49.2 in April, according to data released by the National Bureau of Statistics on Wednesday. It was the second contraction in as many months. A reading above 50 indicates expansion, while anything below that level shows contraction.

The index, which mainly covers larger businesses and state-owned companies, was at its lowest level since December. Beijing scrapped most of its pandemic restrictions early that month, effectively ending its three-year-long zero-Covid policy.

The official non-manufacturing PMI, which measures sentiment in services and construction sectors, decreased to 54.5 in May from April’s 56.4, also the weakest level in four months.

“The economic recovery faces challenge[s],” Zhiwei Zhang, president and chief economist for Pinpoint Asset Management, said Wednesday. “Domestic demand weakened recently, partly due to [the] cooling property market and the second wave of Covid.”

The world’s second largest economy is still in the midst of a historic downturn in the property market. The country is also gearing up for a fresh wave of Covid-19.

Last week, Zhong Nanshan, a prominent Chinese epidemiologist, predicted that the current second wave of Covid infections would peak at the end of June with around 65 million people infected per week. Doctors in Beijing have told state media that the proportion of serious complications was low, as was the hospitalization rate.

Zhang said external demand for Chinese goods was not supportive of economic recovery, as the United States faces the risk of recession. Recent data showed that China’s exports grew 8.5% in April, down sharply from 14.8% in March, indicating global demand was slowing.

“The sentiment in the financial market is quite bearish,” he said.

Hong Kong stocks fell in response to China’s manufacturing and services data. The Hang Seng Index fell 2.4% to a six-month low in the afternoon session. It’s currently down more than 20% from its January 27 peak.

Japan’s Nikkei 225 (N225) also lost 1.4%. China’s Shanghai Composite Index shed 0.6%. South Korea’s Kospi, meanwhile, erased early gains and edged down 0.3%.

The Chinese yuan, a barometer of investor sentiment, weakened against the US dollar.

The offshore yuan currently traded at 7.126 per dollar, down 0.5%. The onshore rate dropped 0.4% versus the greenback.

China’s economy experienced an initial burst of activity following the abrupt lifting of pandemic restrictions last year. In the first quarter of this year, GDP expanded 4.5% from a year ago, beating the estimate of 4% growth from a Reuters poll of economists.

But momentum has slowed recently, as retail sales, industrial output and investment for April all missed forecasts by economists. The official manufacturing PMI unexpectedly shrank last month, snapping a three-month streak of expansion in the sector. Activity in the services industry also started cooling down in April.

Deflationary pressure has worsened as consumer prices barely moved during the past few months. Another major concern is the soaring unemployment rate for young people, which hit a record level of 20.4% in April.

NCERT Book for Class 9th Maths PDF 2023-24 (REVISED)

NCERT Book for Class 9 Maths (Rationalised): Get here the REVISED NCERT Book for Class 9 Maths for the 2023-24 session. Check the latest NCERT Class 9 Maths Book in English and Hindi here. The NCERT Book for Class 9 Maths has been revised by the National Council of Educational Research and Training (NCERT) after rationalising the contents of the old book. Students can check the list of chapters/topics deleted from the book below in this article. Download the new book to study Mathematics effectively and study the right material for their CBSE Class 9 Maths Annual Exam 2023-24. 

Note: CBSE Students must read the NCERT Book according to the course content mentioned in the latest CBSE Class 9 Maths Syllabus. A few topics have been dropped for the current academic session. Check the revised syllabus from the link given below:

CBSE Class 9 Maths Syllabus 2023-2024: Download in PDF

Also Check CBSE Class 9 Maths Deleted Syllabus for 2023-24

Download all chapters of the CBSE Class 9 Mathematics NCERT Book in English and Hindi from the links given below:

Chapter 1. Number System

Chapter 2. Polynomials

Chapter 3. Coordinate Geometry

Chapter 4. Linear Equations in Two Variables

Chapter 5. Introduction to Euclid’s Geometry

Chapter 6. Lines and Angles

Chapter 7. Triangles

Chapter 8. Quadrilaterals

Chapter 9. Circles

Chapter 10. Heron’s Formula

Chapter 11. Surface Areas and Volumes

Chapter 12. Statistics

Answer Hints

Check below the names of chapters and topics that have been removed from the NCERT Class 9 Maths Textbook:

Chapter

Page No.

Dropped Topics/Chapter

Chapter 1: Number Systems

15–18

27

1.4 Representing real numbers on the number line

Chapter 2: Polynomials

35–40

50

2.4 Remainder theorem

Chapter 3: Coordinate Geometry

61–65

3.3 Plotting a point in the plane if its coordinates are given

Chapter 4: Linear Equations in Two Variables

70–75

4.4 Graph of linear equations in two variables

75–77

4.5 Equations of lines parallel–x–axis and y–axis

Chapter 5: Introduction– Euclidean Geometry

86–88

 5.3 Equivalent versions of Euclid’s fifth postulate

Chapter 6: Lines and Angles

98–100

103

105–108

6.5 Parallel lines and a transversal

6.7 Angle sum property of a triangle

Chapter 7: Triangles

129–134

7.6 Inequalities in triangles

Chapter 8: Quadrilaterals

135–138

8.1 Introduction

8.2 Angle sum property of a quadrilateral

145–147 151

8.3 Types of quadrilaterals

8.5 Another condition for a Quadrilateral–be a parallelogram

Chapter 9: Areas of Parallelogram and Triangles

152–167

Full chapter

Chapter 10: Circles

168

10.1 Introduction

169–171

10.2 Circles and its related terms: Review

174–176

186–187

Circle through three points

Chapter 11: Construction

188–196

Full chapter

Chapter 12: Heron’s Formula

197–199

203–207

12.1 Introduction

12.3 Application of Heron’s formula in finding areas of quadrilaterals

Chapter 13: Surface Area and Volume

208–217

13.1 Introduction

13.2 Surface area of a cuboid and cube

226–231

13.3 Surface area of right circular cylinder

236–237

13.6 Volume of cuboid

13.7 Volume of cylinder

Chapter 14: Statistics

238–246

261–270

14.1 Introduction

14.2 Collection of data

14.3 Presentation of data

14.5 Measure of central tendency

14.6 Summary

Chapter 15: Probability

271–285

Full chapter

Answers

326

328

330–345

347

Answers of Exercises

अध्याय 1- संख्या पद्धति

अध्याय 2-बहुपद

अध्याय 3-निर्देशांक ज्यामिति

अध्याय 4-दो चर में रैखिक समीकरण

अध्याय 5- यूलिसिड की ज्यामिति का परिचय

अध्याय 6- रेखाएँ और कोण

अध्याय 7- त्रिभुज

अध्याय 8- चतुर्भुज

अध्याय 9- वृत्त

अध्याय 10- हीरोन का सूत्र

अध्याय 11- पृष्ठीय क्षेत्रफल और आयतन

अध्याय 12- सांख्यिकी

उत्तरमाला

We have provided below the link for students to get the detailed and appropriate solutions to all questions given in the class 9 Maths NCERT book. All the NCERT solutions have been collated in the form of a chapter-wise PDF. All these NCERT solutions provided here are prepared by the subject matter experts and are designed in a way to involve appropriate concepts/formulae/theories. 

Why you should read NCERT Book for Class 9 Maths?

NCERT books are best known to present the concepts in the simplest way so that students can grasp them effortlessly. Therefore, students are always recommended to use NCERT books to excel in their studies.

Some points stating the importance of Class 9 Maths NCERT Book are mentioned below:

You can also get the latest NCERT Books and exclusive NCERT Solutions for all other subjects of Class 9 by clicking on the following links:

NCERT Books for Class 9  - All Subjects

NCERT Solutions for Class 9 - All Subjects