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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.
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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.
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