Data confirm rapid growth in Chinese manufacturing

12/2/2009 | Xinhuanet.com (China)

Expansion in China's manufacturing sector is holding up, according to data from two surveys. An index from HSBC reached an all-time high of 55.7 in November. China's official purchasing managers' index held at October's number, which was an 18-month high, the China Federation of Logistics and Purchasing said. "The growth momentum in China's PMI suggests industrial production is improving steadily," said Sherman Chan, an economist at Moody's Economy.com.

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