Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Official survey shows China manufacturing at highest in 27 months after mini-stimulus measures

HONG KONG - Chinese manufacturing rose to the highest level in more than two years in July in the latest sign that the world's No. 2 economy is perking up after a series of mini-stimulus measures unleashed by authorities.

The purchasing managers' index compiled by the China Federation of Logistics and Purchasing rose to 51.7 last month from June's 51.0 and is at the highest level since April 2012.

A separate PMI by HSBC, also released Friday, was revised down to 51.7 from its preliminary reading of 52, but still the strongest rate of improvement in a year and half.

Both indexes are based on a 100-point scale on which numbers below 50 indicate contraction.

The surveys of China's massive manufacturing industry indicate that the revival in the broader economy is continuing after growth ticked up to 7.5 per cent in the April-June quarter.

Communist leaders in Beijing have rolled out small-scale stimulus in the first half of the year after growth slowed to 7.4 per cent in the first quarter, as they try to keep China's economy on track to meet their full-year growth target of 7.5 per cent.

The task is complicated by their efforts to steer China's economy to growth based on domestic consumption rather than the trade and investment that have powered its factories.

"The economy is improving sequentially and registered across the board improvement compared to June," HSBC's chief China economist Qu Hongbin said. Policy makers have continued with targeted measures in recent weeks and the cumulative impact will filter through in the next few months and help "consolidate the recovery."

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media

Canadian Mortgage Rates