China index shows manufacturing stepping up pace

01/24/2013 | Bloomberg · Caijing Magazine online

A purchasing managers index reveals a continued upswing in Chinese manufacturing, registering a positive 51.9 for January, up from 51.5 in December, HSBC Holdings and Markit report. The reading bodes well for the current quarter despite still-mild export demand, and "the domestic-driven restocking process is likely to add steam to China's ongoing recovery in the coming months," said Qu Hongbin, HSBC's chief China economist in Hong Kong.

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Bloomberg · Caijing Magazine online

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