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China manufacturing index brings New Year Cheer
January 4, 2013, 10:18 am

China final manufacturing PMI rose to a 19-month high of 51.5, according to new figures released by HSBC.

Other data released over the past few weeks have also hinted at a broader recovery in the Chinese economy.

According to the HSBC report, this rise was spurred by an expansion of production, on the back of a strong increase in new business inflows.

The figure also confirmed that China’s manufacturing sector is gaining momentum.

The statistics in the report suggest that China’s economy remains on track for recovery as it enters 2013.

China’s GDP is expected to rebound to 8.6 per cent in 2013, said the HSBC Report.

With inputs from Agencies

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