A sign of China's manufacturing
showed a third month of expansion, adding justification that the
recovery in a world's second-biggest economy will extend into
the new year.
The Purchasing Managers' Index was 50.6 in December, the
National Bureau of Statistics and China Federation of Logistics
and Purchasing pronounced currently in Beijing. That compares with the
51.0 median guess in a Bloomberg News consult of 27 analysts
and 50.6 in November. A reading above 50 indicates expansion.
Today's report, along with a apart production gauge
yesterday display a fastest enlargement in 19 months, reflects
increased infrastructure spending that's assisting expostulate a rebound
from a seven-quarter slack as a new era of Communist
Party leaders takes a nation's reins. Li Keqiang, set to
succeed Wen Jiabao as premier in March, is
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Source:
http://www.news.ezonearticle.com/2013/01/01/china-manufacturing-expands-for-third-straight-month-pmi-shows/
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