Factory activity returns to expansion in a positive sign for China’s economy
A Chinese government survey indicates that factory activity has expanded for the first time since June. This growth is viewed as a positive sign for the country's economic recovery efforts.
HONG KONG (AP) — China’s factory activity expanded in September for the first time in three months, striking a more positive tone as Chinese officials look to bolster economic growth. The official manufacturing purchasing managers’ index, or PMI, climbed to 50.1 from 49.8 in August, China’s National Bureau of Statistics said Wednesday. The index reading,...
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