Sunday 1 January 2012

Signs of Strength in Chinese Economy

BEIJING?China's official Purchasing Managers Index rose to 50.3 in December compared with 49.0 in November, boosted by activity ahead of holidays in China, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Sunday.

The surprise rise in the index is likely to assuage market concerns over a slowdown in the world's second-largest economy.

The December PMI was higher than the ...

BEIJING?China's official Purchasing Managers Index rose to 50.3 in December compared with 49.0 in November, boosted by activity ahead of holidays in China, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Sunday.

The surprise rise in the index is likely to assuage market concerns over a slowdown in the world's second-largest economy.

The December PMI was higher than the ...

Source: http://online.wsj.com/article/SB10001424052970203550304577133822170242612.html?mod=fox_australian

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