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HindustanTimes Sat,19 Apr 2014

China's manufacturing sees hefty rebound

IANS  Beijing, September 01, 2013
First Published: 15:19 IST(1/9/2013) | Last Updated: 15:28 IST(1/9/2013)

China's manufacturing sector posted a strong recovery in August, offering further signs that the world's second largest economy is walking out of the shadows of protracted slowdown, reports Xinhua.

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The purchasing managers index for the manufacturing sector rose to 51.0% in August from 50.3% in July, marking the second monthly expansion in a row, and the highest reading this year, the China Federation of Logistics and Purchasing said on Sunday.

Zhao Qinghe, a senior statistician with the National Bureau of Statistics said that the new data shows the manufacturing activities have stronger growth impetus, and the economy is firming in a more evident way.

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