IN BRIEF (Page 13)

PMI up for 4th month

China's manufacturing expanded for a fourth month as the 4-trillion-yuan stimulus plan and record bank lending start to revive the country's economy. The Purchasing Managers' Index rose to a seasonally adjusted 53.2 in June from 53.1 in May, the Federation of Logistics and Purchasing said yesterday in a statement. A reading above 50 indicates an expansion.

Foreign debt down