Mexican Media Brands
China’s Manufacturing Sector Revives
A closely watched index of manufacturing activity in China crept into "expansion" territory this month, hinting that the country's economy may be back on a stronger growth track.
#economics
Share
A closely watched index of manufacturing activity in China crept into "expansion" territory this month, hinting that the country's economy may be back on a stronger growth track.
The Purchasing Managers' Index from Markit Economics Ltd. and HSBC Holdings plc rose to a preliminary 50.1 in February from 49.7 in January. Any number above 50 indicates economic expansion. Final index numbers will be reported in a few weeks.
Last year China's economic expansion slowed to its weakest pace in 24 years. Economists say the PMI uptick is encouraging, but they believe further government action is needed to revive previous growth rates.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.