| 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. http://link.ft.com/r/S4XZQQ/ |
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Tuesday, July 24, 2012
Chinese manufacturing edges towards growth
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