{
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    "date": "2026-03-31T09:58:02",
    "date_gmt": "2026-03-31T02:58:02",
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        "rendered": "https:\/\/hbbgroup.net\/chinas-nbs-manufacturing-and-non-manufacturing-pmis-return-to-expansion-in-march\/"
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    "slug": "chinas-nbs-manufacturing-and-non-manufacturing-pmis-return-to-expansion-in-march",
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    "link": "https:\/\/hbbgroup.net\/en_us\/chinas-nbs-manufacturing-and-non-manufacturing-pmis-return-to-expansion-in-march\/",
    "title": {
        "rendered": "PMI l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t v\u00e0 phi s\u1ea3n xu\u1ea5t c\u1ee7a\u00a0NBS Trung Qu\u1ed1c\u00a0quay tr\u1edf l\u1ea1i\u00a0v\u00f9ng m\u1edf r\u1ed9ng\u00a0trong th\u00e1ng 3."
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        "rendered": "<p><strong>Ch\u1ec9 s\u1ed1 Nh\u00e0 qu\u1ea3n tr\u1ecb Mua h\u00e0ng (PMI) l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t c\u1ee7a Trung Qu\u1ed1c<\/strong> \u0111\u00e3 t\u0103ng l\u00ean <strong>50,4<\/strong> trong th\u00e1ng <strong>3<\/strong>, so v\u1edbi m\u1ee9c <strong>49<\/strong> c\u1ee7a th\u00e1ng <strong>2<\/strong>, theo d\u1eef li\u1ec7u m\u1edbi nh\u1ea5t \u0111\u01b0\u1ee3c <strong>C\u1ee5c Th\u1ed1ng k\u00ea Qu\u1ed1c gia Trung Qu\u1ed1c (NBS)<\/strong> c\u00f4ng b\u1ed1 v\u00e0o th\u1ee9 Ba.<\/p>\n<p>Con s\u1ed1 n\u00e0y <strong>cao h\u01a1n \u0111\u00e1ng k\u1ec3<\/strong> so v\u1edbi d\u1ef1 b\u00e1o c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00e0 <strong>50,1<\/strong> trong th\u00e1ng \u0111\u01b0\u1ee3c b\u00e1o c\u00e1o.<\/p>\n<p>Trong khi \u0111\u00f3, <strong>PMI phi s\u1ea3n xu\u1ea5t c\u1ee7a NBS<\/strong> t\u0103ng l\u00ean <strong>50,1<\/strong> trong th\u00e1ng <strong>3<\/strong>, so v\u1edbi m\u1ee9c <strong>49,5<\/strong> c\u1ee7a th\u00e1ng <strong>2<\/strong>. M\u1ee9c \u0111\u1ed3ng thu\u1eadn c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00e0 <strong>49,9<\/strong>.<\/p>\n<p>T\u1ea1i th\u1eddi \u0111i\u1ec3m vi\u1ebft b\u00e0i, c\u1eb7p <strong>AUD\/USD<\/strong> \u0111ang duy tr\u00ec \u0111\u00e0 t\u0103ng quanh v\u00f9ng <strong>0,6875<\/strong>, t\u0103ng <strong>0,30%<\/strong> trong ng\u00e0y.<\/p>\n<p><strong>C\u00e2u h\u1ecfi th\u01b0\u1eddng g\u1eb7p v\u1ec1 \u0110\u00f4 la \u00dac<\/strong><\/p>\n<p>M\u1ed9t trong nh\u1eefng y\u1ebfu t\u1ed1 quan tr\u1ecdng nh\u1ea5t t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn <strong>\u0110\u00f4 la \u00dac (AUD)<\/strong> l\u00e0 m\u1eb7t b\u1eb1ng <strong>l\u00e3i su\u1ea5t<\/strong> do <strong>Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef \u00dac (RBA)<\/strong> thi\u1ebft l\u1eadp. V\u00ec \u00dac l\u00e0 m\u1ed9t qu\u1ed1c gia gi\u00e0u t\u00e0i nguy\u00ean, m\u1ed9t \u0111\u1ed9ng l\u1ef1c quan tr\u1ecdng kh\u00e1c l\u00e0 gi\u00e1 c\u1ee7a m\u1eb7t h\u00e0ng xu\u1ea5t kh\u1ea9u l\u1edbn nh\u1ea5t n\u01b0\u1edbc n\u00e0y l\u00e0 <strong>qu\u1eb7ng s\u1eaft<\/strong>. S\u1ee9c kh\u1ecfe c\u1ee7a <strong>n\u1ec1n kinh t\u1ebf Trung Qu\u1ed1c<\/strong>, \u0111\u1ed1i t\u00e1c th\u01b0\u01a1ng m\u1ea1i l\u1edbn nh\u1ea5t c\u1ee7a \u00dac, c\u0169ng l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 then ch\u1ed1t, b\u00ean c\u1ea1nh <strong>l\u1ea1m ph\u00e1t t\u1ea1i \u00dac<\/strong>, <strong>t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng<\/strong> v\u00e0 <strong>c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i<\/strong>. <strong>T\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng<\/strong> \u2014 li\u1ec7u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang ch\u1ea5p nh\u1eadn nhi\u1ec1u r\u1ee7i ro h\u01a1n (<strong>risk-on<\/strong>) hay t\u00ecm \u0111\u1ebfn c\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n (<strong>risk-off<\/strong>) \u2014 c\u0169ng l\u00e0 m\u1ed9t nh\u00e2n t\u1ed1 \u1ea3nh h\u01b0\u1edfng, trong \u0111\u00f3 m\u00f4i tr\u01b0\u1eddng risk-on th\u01b0\u1eddng t\u00edch c\u1ef1c \u0111\u1ed1i v\u1edbi AUD.<\/p>\n<p><strong>Ng\u00e2n h\u00e0ng D\u1ef1 tr\u1eef \u00dac (RBA)<\/strong> t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn <strong>\u0110\u00f4 la \u00dac (AUD)<\/strong> th\u00f4ng qua vi\u1ec7c thi\u1ebft l\u1eadp m\u1ee9c <strong>l\u00e3i su\u1ea5t cho vay li\u00ean ng\u00e2n h\u00e0ng<\/strong> gi\u1eefa c\u00e1c ng\u00e2n h\u00e0ng \u00dac. \u0110i\u1ec1u n\u00e0y \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn m\u1eb7t b\u1eb1ng l\u00e3i su\u1ea5t trong to\u00e0n b\u1ed9 n\u1ec1n kinh t\u1ebf. M\u1ee5c ti\u00eau ch\u00ednh c\u1ee7a RBA l\u00e0 duy tr\u00ec <strong>l\u1ea1m ph\u00e1t \u1ed5n \u0111\u1ecbnh trong kho\u1ea3ng 2\u20133%<\/strong> b\u1eb1ng c\u00e1ch \u0111i\u1ec1u ch\u1ec9nh l\u00e3i su\u1ea5t t\u0103ng ho\u1eb7c gi\u1ea3m. M\u1ee9c l\u00e3i su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i cao so v\u1edbi c\u00e1c ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u1edbn kh\u00e1c th\u01b0\u1eddng h\u1ed7 tr\u1ee3 AUD, v\u00e0 ng\u01b0\u1ee3c l\u1ea1i n\u1ebfu l\u00e3i su\u1ea5t t\u01b0\u01a1ng \u0111\u1ed1i th\u1ea5p. RBA c\u0169ng c\u00f3 th\u1ec3 s\u1eed d\u1ee5ng <strong>n\u1edbi l\u1ecfng \u0111\u1ecbnh l\u01b0\u1ee3ng<\/strong> v\u00e0 <strong>th\u1eaft ch\u1eb7t \u0111\u1ecbnh l\u01b0\u1ee3ng<\/strong> \u0111\u1ec3 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn \u0111i\u1ec1u ki\u1ec7n t\u00edn d\u1ee5ng, trong \u0111\u00f3 bi\u1ec7n ph\u00e1p \u0111\u1ea7u ti\u00ean th\u01b0\u1eddng b\u1ea5t l\u1ee3i cho AUD, c\u00f2n bi\u1ec7n ph\u00e1p sau th\u01b0\u1eddng c\u00f3 l\u1ee3i cho AUD.<\/p>\n<p><strong>Trung Qu\u1ed1c<\/strong> l\u00e0 \u0111\u1ed1i t\u00e1c th\u01b0\u01a1ng m\u1ea1i l\u1edbn nh\u1ea5t c\u1ee7a \u00dac, v\u00ec v\u1eady s\u1ee9c kh\u1ecfe c\u1ee7a n\u1ec1n kinh t\u1ebf Trung Qu\u1ed1c c\u00f3 \u1ea3nh h\u01b0\u1edfng l\u1edbn \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ee7a <strong>\u0110\u00f4 la \u00dac (AUD)<\/strong>. Khi kinh t\u1ebf Trung Qu\u1ed1c t\u0103ng tr\u01b0\u1edfng t\u1ed1t, n\u01b0\u1edbc n\u00e0y s\u1ebd mua nhi\u1ec1u h\u01a1n <strong>nguy\u00ean li\u1ec7u th\u00f4, h\u00e0ng h\u00f3a v\u00e0 d\u1ecbch v\u1ee5<\/strong> t\u1eeb \u00dac, qua \u0111\u00f3 l\u00e0m t\u0103ng nhu c\u1ea7u \u0111\u1ed1i v\u1edbi AUD v\u00e0 \u0111\u1ea9y gi\u00e1 tr\u1ecb \u0111\u1ed3ng ti\u1ec1n n\u00e0y \u0111i l\u00ean. Ng\u01b0\u1ee3c l\u1ea1i, khi kinh t\u1ebf Trung Qu\u1ed1c t\u0103ng tr\u01b0\u1edfng ch\u1eadm h\u01a1n k\u1ef3 v\u1ecdng, t\u00e1c \u0111\u1ed9ng s\u1ebd di\u1ec5n ra theo chi\u1ec1u h\u01b0\u1edbng ng\u01b0\u1ee3c l\u1ea1i. V\u00ec v\u1eady, c\u00e1c b\u1ea5t ng\u1edd t\u00edch c\u1ef1c ho\u1eb7c ti\u00eau c\u1ef1c trong d\u1eef li\u1ec7u t\u0103ng tr\u01b0\u1edfng c\u1ee7a Trung Qu\u1ed1c th\u01b0\u1eddng c\u00f3 \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn <strong>\u0110\u00f4 la \u00dac<\/strong> v\u00e0 c\u00e1c c\u1eb7p ti\u1ec1n li\u00ean quan.<\/p>\n<p><strong>Qu\u1eb7ng s\u1eaft<\/strong> l\u00e0 m\u1eb7t h\u00e0ng xu\u1ea5t kh\u1ea9u l\u1edbn nh\u1ea5t c\u1ee7a \u00dac, \u0111\u1ea1t gi\u00e1 tr\u1ecb <strong>118 t\u1ef7 USD m\u1ed7i n\u0103m<\/strong> theo d\u1eef li\u1ec7u n\u0103m <strong>2021<\/strong>, v\u1edbi <strong>Trung Qu\u1ed1c<\/strong> l\u00e0 th\u1ecb tr\u01b0\u1eddng ti\u00eau th\u1ee5 ch\u00ednh. Do \u0111\u00f3, gi\u00e1 qu\u1eb7ng s\u1eaft c\u00f3 th\u1ec3 l\u00e0 \u0111\u1ed9ng l\u1ef1c d\u1eabn d\u1eaft <strong>\u0110\u00f4 la \u00dac<\/strong>. Nh\u00ecn chung, n\u1ebfu gi\u00e1 qu\u1eb7ng s\u1eaft t\u0103ng, <strong>AUD<\/strong> c\u0169ng s\u1ebd t\u0103ng theo, do <strong>nhu c\u1ea7u t\u1ed5ng th\u1ec3 \u0111\u1ed1i v\u1edbi \u0111\u1ed3ng ti\u1ec1n n\u00e0y<\/strong> gia t\u0103ng. \u0110i\u1ec1u ng\u01b0\u1ee3c l\u1ea1i s\u1ebd x\u1ea3y ra n\u1ebfu gi\u00e1 qu\u1eb7ng s\u1eaft gi\u1ea3m. Gi\u00e1 qu\u1eb7ng s\u1eaft cao h\u01a1n c\u0169ng th\u01b0\u1eddng l\u00e0m gia t\u0103ng kh\u1ea3 n\u0103ng <strong>\u00dac ghi nh\u1eadn c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i d\u01b0\u01a1ng<\/strong>, v\u00e0 \u0111\u00e2y c\u0169ng l\u00e0 y\u1ebfu t\u1ed1 t\u00edch c\u1ef1c \u0111\u1ed1i v\u1edbi AUD.<\/p>\n<p><strong>C\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i<\/strong>, t\u1ee9c ch\u00eanh l\u1ec7ch gi\u1eefa <strong>gi\u00e1 tr\u1ecb xu\u1ea5t kh\u1ea9u<\/strong> v\u00e0 <strong>chi ph\u00ed nh\u1eadp kh\u1ea9u<\/strong> c\u1ee7a m\u1ed9t qu\u1ed1c gia, c\u0169ng l\u00e0 m\u1ed9t y\u1ebfu t\u1ed1 kh\u00e1c c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn gi\u00e1 tr\u1ecb c\u1ee7a <strong>\u0110\u00f4 la \u00dac<\/strong>. N\u1ebfu \u00dac s\u1ea3n xu\u1ea5t ra nh\u1eefng m\u1eb7t h\u00e0ng xu\u1ea5t kh\u1ea9u \u0111\u01b0\u1ee3c s\u0103n \u0111\u00f3n m\u1ea1nh, \u0111\u1ed3ng ti\u1ec1n c\u1ee7a n\u01b0\u1edbc n\u00e0y s\u1ebd t\u0103ng gi\u00e1 \u0111\u01a1n thu\u1ea7n nh\u1edd <strong>nhu c\u1ea7u v\u01b0\u1ee3t tr\u1ed9i t\u1eeb ng\u01b0\u1eddi mua n\u01b0\u1edbc ngo\u00e0i<\/strong> mu\u1ed1n mua h\u00e0ng xu\u1ea5t kh\u1ea9u c\u1ee7a \u00dac so v\u1edbi s\u1ed1 ti\u1ec1n \u00dac chi ra \u0111\u1ec3 nh\u1eadp kh\u1ea9u h\u00e0ng h\u00f3a. V\u00ec v\u1eady, <strong>c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i r\u00f2ng d\u01b0\u01a1ng<\/strong> s\u1ebd c\u1ee7ng c\u1ed1 AUD, v\u00e0 t\u00e1c \u0111\u1ed9ng ng\u01b0\u1ee3c l\u1ea1i s\u1ebd x\u1ea3y ra n\u1ebfu c\u00e1n c\u00e2n th\u01b0\u01a1ng m\u1ea1i \u1edf tr\u1ea1ng th\u00e1i \u00e2m.<\/p>",
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        "rendered": "<p>Ch\u1ec9 s\u1ed1 Nh\u00e0 qu\u1ea3n tr\u1ecb Mua h\u00e0ng (PMI) l\u0129nh v\u1ef1c s\u1ea3n xu\u1ea5t c\u1ee7a Trung Qu\u1ed1c \u0111\u00e3 t\u0103ng l\u00ean 50,4 trong [&hellip;]<\/p>",
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