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Positive signals from China

September 2, 2013

China’s economy is strengthening after a two-quarter slowdown, with the manufacturing gauge rising to a 16-month high in August as new orders jumped and overseas demand rebounded.                                  

The Purchasing Managers’ Index was at 51.0, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday in Beijing. A separate manufacturing PMI released today by HSBC Holdings Plc and Markit Economics rose to 50.1 last month from 47.7 in July, the biggest gain in three years and the first reading above 50 since April.