6/1/2009

Adding hopes of an economic upturn, China posted its third consecutive month of growth in manufacturing output during May, the Federation of Logistics and Purchasing said. The data join rising retail sales, increased fixed-asset investment and additional lending activity as signs of improvement in China's economy. "The Chinese economy is well on track for recovery, and economic growth is picking up steam," said Lu Ting, an economist in Hong Kong at Merrill Lynch.

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