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Surveys show Chinese economy growing but at modest pace

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Surveys show Chinese economy growing but at modest pace
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News

Surveys show Chinese economy growing but at modest pace

2024-07-01 16:47 Last Updated At:17:00

BANGKOK (AP) — Surveys of Chinese factory managers showed a mixed outlook for the world's second-largest economy in June, with growth steady but not picking up much steam.

The China Federation of Logistics and Purchasing's official purchasing managers index, or PMI, remained at 49.5, the same as in May, on a scale up to 100 where 50 marks the cut off for expansion.

“From the perspective of output, China’s economy is maintaining expansion, but the momentum of recovery still needs to be consolidated,” the official Xinhua News Agency cited Zhao Qinghe, senior statistician for the National Bureau of Statistics, as saying.

The PMI for new export orders slipped to 49.4 from 49.6, perhaps reflecting announcements by the European Union and United States of plans to increase their tariffs on imports of electric vehicles from China.

A private-sector survey released Monday by the financial media group Caixin was more optimistic, edging up to 51.8 from 51.7 in the previous month. That was the fastest expansion of factory output in two years, it said. Analysts had forecast that it would fall.

But while sentiment was positive, the level of confidence among purchasing managers fell to the lowest in over four-and-a-half years due to worries over intense competition and uncertain market conditions, Caixin said.

The surveys offered scant insight into whether various measures to boost the property sector, such as cutting mortgage interest rates and down payments, have had much impact on an industrywide slump that followed a crackdown on excessive borrowing by developers.

“The PMIs for June were mixed but on balance suggest that the recovery lost some momentum last month,” Capital Economics said in a report.

The official PMI reading for high-tech manufacturing rose to 52.3 in June from 50.7 in May, reflecting the government's drive to boost investment in upgrading factories and equipment in new industries such as computer chip and electric vehicles.

“This shows that the transformation and upgrading of China’s manufacturing industry has continued to advance,” Zhao was quoted as saying.

Chinese leader Xi Jinping has made growth of such advanced industries a top priority, a theme likely to dominate an upcoming meeting of top officials of the ruling Communist Party when they meet later in the month.

Xinhua said in a separate report that during the meeting the party would disclose a new round of “deep and comprehensive reforms.”

Such measures will “chart the course forward for the world’s second largest economy,” it said.

Chinese riding bicycle pass by a local business building the in background in Beijing, China, Friday, June 28, 2024. Surveys of Chinese factory managers showed a mixed outlook for the world's second-largest economy in June, with growth steady but not picking up much steam. (AP Photo/Vincent Thian)

Chinese riding bicycle pass by a local business building the in background in Beijing, China, Friday, June 28, 2024. Surveys of Chinese factory managers showed a mixed outlook for the world's second-largest economy in June, with growth steady but not picking up much steam. (AP Photo/Vincent Thian)

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Why mass shootings and violence increase in the summer

2024-07-04 01:48 Last Updated At:01:51

Violence and mass shootings often surge in the summer months, especially around the Fourth of July, historically one of the deadliest days of the year.

A flurry of shootings around the holiday a year ago left more than a dozen people dead and over 60 wounded. Just two years ago, another mass shooting at a Fourth of July parade left seven people dead near Chicago. The mother of a 10-year-old boy left paralyzed by the attack said Wednesday that her family won’t go to this year's parade, which is returning for the first time since the shooting.

"I don’t know if we’ll ever be able to attend the parade again,” said Keely Roberts, who also was wounded.

The Gun Violence Archive, which tracks mass shootings involving four or more people regardless of whether they died, shows June, July, and August have had the highest total number of mass shootings over the past decade. The lowest totals were from December through March.

Independence Day topped the list with 58 mass shootings over the last 10 years — closely followed by July 5, according to the archive.

“It’s the gathering, the free time, the drinking,” said James Alan Fox, a criminologist and professor at Northeastern University, who oversees a mass killings database maintained by The Associated Press and USA Today in partnership with the university.

In the first half of this year, there were 19 mass killings — 14 of them shootings — with at least four dead in the U.S., according to the database. In 2023, the nation recorded the highest number of mass shootings — 39 — since the tracking began.

Researchers point to a combination of factors that historically have caused the summer months to see an increase in violence and shootings.

Mass killings are far more likely to happen at a home and most often the victims are related to the shooter or are a close acquaintance.

When school is out, families are spending more time together, children are often home all day and there's a greater likelihood of more victims when everyone is under one roof, said Jesenia Pizarro, a criminology professor at Arizona State University.

Teenagers also have more idle time on their hands. “It's like the opportunity shifts in the summer,” she said.

After two mass shootings hours apart in Dayton, Ohio, left a total of three people dead and eight injured in late June, police said one of the shootings took place at a vacant house where hundreds of teens and young adults had gathered.

“It could have been a lot worse," said Eric Henderson, the city’s assistant chief, who pointed out it was the third big party since mid-June where trouble erupted after young people took over a vacant house.

Family reunions, block parties and festivals in the summertime all bring more people together — and create more opportunities for trouble, more so when there's drinking involved.

“It doesn’t mean that those kinds of things aren’t around in March or in January. They’re just around at a lower extent than they are in the summertime,” said University of Miami criminologist Alex Piquero. “We do know that just about every summer there’s an uptick in violence. So I fully anticipate that happening this summer. I fully anticipate it happening next summer and the summer after that.”

The likelihood of being a victim of a mass shooting is still extremely low, but it does mean there's the potential for more victims if something happens at a crowded event.

During the first weekend of this summer, there were several shootings where multiple people were killed or wounded at large gatherings, including in Montgomery, Alabama, where gunfire erupted during an unsanctioned street party with more than 1,000 people. Police said nine people were shot and that investigators found more than 350 spent shell casings.

Several studies have linked warm weather and hotter than normal temperatures with rising tempers — and not just in the summer. They also link the increased temps with more violent crimes, although other factors often come into play.

Former New York City police officer Jillian Snider, now a lecturer at the John Jay College of Criminal Justice, said she saw this firsthand in neighborhoods where a lack of air conditioning pushed people out onto their stoops or into parks on sweltering days.

“It makes people a little angry because there’s nowhere to cool down and tensions rise,” she said. “You have no escape from that, you're just more upset.”

Associated Press journalists Sharon Johnson in Atlanta and Sophia Tareen in Chicago contributed.

FILE - Bullet casings litter the ground behind a press conference on July 5, 2023, in Shreveport, La. At least three people were killed and 10 others wounded in the shooting. Violence and mass shootings often surge in the summer months, especially around the Fourth of July, historically one of the deadliest days each year. (Henrietta Wildsmith/The Shreveport Times via AP, File)

FILE - Bullet casings litter the ground behind a press conference on July 5, 2023, in Shreveport, La. At least three people were killed and 10 others wounded in the shooting. Violence and mass shootings often surge in the summer months, especially around the Fourth of July, historically one of the deadliest days each year. (Henrietta Wildsmith/The Shreveport Times via AP, File)

FILE - A woman wipes away tears after a mass shooting at an Independence Day parade that left seven people dead and dozens wounded, in the Chicago suburb Highland Park, July 4, 2022. Violence and mass shootings often surge in the summer months, especially around the Fourth of July, historically one of the deadliest days each year. (AP Photo/Nam Y. Huh, File)

FILE - A woman wipes away tears after a mass shooting at an Independence Day parade that left seven people dead and dozens wounded, in the Chicago suburb Highland Park, July 4, 2022. Violence and mass shootings often surge in the summer months, especially around the Fourth of July, historically one of the deadliest days each year. (AP Photo/Nam Y. Huh, File)

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