China’s economy has performed strongly this year, official and private indicators showed on Wednesday, giving policymakers room to shift their attention to financial bubbles and rising debt after years of pump-priming, according to the Financial Times. China’s official purchasing managers’ index for the manufacturing sector rose in February to 51.6, the government said on Wednesday, up from 51.1 in January and just shy of December’s 29-month high of 51.7. A reading above 50 signals expansion. Caixin’s latest private manufacturing survey also showed a sharp acceleration in growth, rising to 51.7 from 51.0, against expectations of 50.8. Meanwhile, the China Business Conditions Index, compiled by economists at the Cheung Kong Graduate School of Business in Beijing, hit its highest level in more than three years at 61.7.
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