Showing posts with label world's second-largest economy. Show all posts
Showing posts with label world's second-largest economy. Show all posts

Tuesday, 1 July 2014

China manufacturing growth hits six-month high in June

China's manufacturing activity grew at its fastest pace for six months in June, suggesting that recent stimulus moves have started to have an impact.
The official purchasing managers' index (PMI) rose to 51, from 50.8 in May.
The PMI is a key indicator of the sector's health and a reading above 50 shows expansion.
China, the world's second-largest economy, has taken various steps in recent months including cutting taxes for small firms to help boost growth.
Last month,