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China: Manufacturing output to its highest level in 16 months

Published on Tuesday, September 3, 2013 7:13 AM //

The growth of China's manufacturing sector rose in August, its highest rate since April 2012, with a jump in new orders, according to data from the National Bureau of Statistics.What calms fears of a sharp slowdown in the second world economy.
The Chinese economy Would find it colors? Nevertheless, the growth of China's manufacturing sector in August reached icts HIGHEST rate since April 2012, with a jump in new orders, According to data from the National Bureau of Statistics. What allay fears of a sharp slowdown in the second world economy.
The official purchasing managers' index (PMI) rose to 51.0 against 50.3 in July, Exceeding the consensus was 50.6.Knowing That A level above 50 Indicates an Increase in activity. Analysts are confident
All components show an improvement, especially that of new orders, which rose from 50.6 in July to 52.4 in August and that of export orders rose to 50.2 against 49.0.
Moreover, the optimist is required on the part of analysts. Evidenced by the comments of the Chief Economist for China at JP Morgan in Hong Kong, Zhu Haibin. " We see more clearly an improvement in economic conditions signs , "he told Reuters.
PMI calculated by HSBC, more focused on small and medium-sized private sector, will meanwhile released Monday. As a reminder, it stood at 50.1 in July , its highest level in four months had exceeded expectations. Going further: GDP figures of the Chinese economy are they truncated?

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