The index, together with the Shenzhen Component Index and casque dr dre pas cher the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange. The ChiNext Board, which started trading on Oct. 30, 2009, mainly lists high-tech companies and those with high growth potential. China's stock index futures closed lower on Thursday, with the contract for May 2013, the most actively traded, down 0.59 percent from the previous trading day to 2,520.8 points. The June 2013 contract decreased 0.65 percent to 2,510.4. The September 2013 contract lost 0.69 percent to 2,519.4 points, while the December 2013 gucci bags on sale contract went down 0.63 percent to 2,539.8 points. The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a preset value on an agreed date, are designed to allow investors to bet on and profit from both gains and declines in the market. The index futures was launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points. China's Purchasing Managers' Index (PMI) for the manufacturing casque beats bluetooth sector fell to 50.6 percent in April from 50.9 percent in March, the China Federation of Logistics and Purchasing (CFLP) said on Wednesday. It was the seventh consecutive month in which the PMI figure stayed above 50 percent, which demarcates expansion from contraction, according to a statement from the CFLP. Although the PMI remains generally stable, the slight retreat indicates slower growth in the manufacturing sector and the need for a stronger momentum in China's economic growth, the statement said. The April PMI showed that the foundation for China's economic recovery is not solid enough, said Zhang Liqun, an analyst from the Development Research Center of the State Council, or China's cabinet. The decline in orders caused the fall in the inventory level, and a sharp drop in cheap designer handbags the sub-index for purchasing prices of raw materials suggests the corporate confidence was undermined, Zhang said. According to the CFLP, orders received by manufacturers dropped in April, as the sub-index for new orders edged down 0.6 percentage points from the previous month to 51.7 percent. The sub-index for purchasing prices of raw materials tumbled 10.5 percentage points to 40.1 percent, the first reading below 50 after the sub-index stayed above the demarcation level for seven consecutive months. The sub-index for finished goods inventories moved down 2.5 percentage points from the previous month to 47.7 percent, while the sub-index casque beats pro for production shrank slightly by 0.1 percentage points to 52.6 percent. The sub-index for raw materials inventories remained unchanged at 47.5 percent in April, said the CFLP. The official PMI figure, based on a survey of purchasing managers from 3,000 companies in 21 industries, chimed with the HSBC's flash PMI reading announced last week. The PMI for China's manufacturing sector fell to 50.5 from March's 51.6 on a 100-point scale, according to the British bank, whose final reading for April is gucci boston bag scheduled to be released on Thursday. Although the PMI figure may further weaken market expectation for a strong rebound in the Chinese economy, the CFLP said the Chinese economy has been showing signs of positive structural adjustments since the beginning of this year. The April sub-index for new orders in the manufacturing of non-mental mineral products rose by more than 4 percentage points from a month earlier, representing improving demand in infrastructure investment and investment for technological upgrades, the CFLP said in the statement. It added that the new orders sub-index for equipment manufacturing also remained at a casque beats solo hd steady, high level. Meanwhile, the sub-index for new export orders slid again to below 50 percent, indicating uncertainties in external demand, the federation noted.

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