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China Daily | Updated: 2017-02-03 07:13
PMI points to economy stabilizing
China's manufacturing sector has expanded for the sixth month in a row, a sign the economy is stabilizing amid an uncertain global outlook. The country's manufacturing Purchasing Managers Index came in at 51.3 in January, 0.1 point lower than in December, according to data released by the National Bureau of Statistics on Wednesday. A reading above 50 indicates expansion. Bureau statistician Zhao Qinghe said the readings in January pointed to steady expansion of the manufacturing sector.
Nominal GDP growth to accelerate in Q1
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