Factory activity indicator improving
By Chen Jia in Beijing and Yu Ran in Shanghai | China Daily | Updated: 2012-07-25 08:09
Rising output 'shows effect of policy easing'
A key indicator of factory activity saw manufacturing contracting at a slower pace in July from the previous month. This could signal further easing by the government in the next six months, analysts said.
There was further good news as a sub-index to the HSBC flash purchasing managers' index (PMI) recorded a rise in output.
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