Factory activity in China expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures take effect.
The HSBC/Markit Flash China manufacturing purchasing managers’ index, or P.M.I., rose to 52 in July from June’s final reading of 50.7, beating a forecast of 51 in a Reuters poll.
It was the highest reading since January 2013, and it was the second consecutive month that the reading had risen above the 50-point level that separates growth in activity from contraction.
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Reuters via CHINA US Focus http://ift.tt/1mJeUma
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