|Chinese manufacturing edges towards growth|
China’s manufacturing sector clawed its way back towards growth in
July, according to a survey that suggests government policies to support
the economy are starting to work.|
HSBC said its purchasing mangers’ index for July was on track to rise from 48.2 last month to 49.5 in July, which would mark a five-month high. But, in remaining below the 50 threshold, the flash PMI figure – the earliest piece of monthly economic data for China – indicates that factory activity is still contracting at a mild pace.
Tuesday, July 24, 2012
Chinese manufacturing edges towards growth
Posted by Michele Kearney at 12:22 AM