Manufacturing in China on the rise
Published 01/01/2013 | 09:10
ACTIVITY in China's vast manufacturing sector hit its fastest pace in December since May 2011, a survey of private factory managers showed, with new orders pointing to continued strength in the new year.
The final reading for the HSBC Purchasing Managers' Index rose to 51.5 in December, well above November's reading of 50.5.
A complementary December survey by China's National Bureau of Statistics, due to be published today, is expected to show similar signs of manufacturing strength.