Couple of articles re economic growth in China in light of today’s expansionary measure on the HSBC PMI.
The final reading for the HSBC Purchasing Managers’ Survey (PMI) rose to 50.5 in November from 49.5 in October, in line with a preliminary survey published late last month. It was the first time since October 2011 that the survey crossed above 50 points, …
The final HSBC reading follows a similar survey by the National Bureau of Statistics (NBS) released this weekend, which showed the pace of growth in the manufacturing sector quickening. The official PMI rose to a seven-month high of 50.6 for November, from 50.2 in October.
China PMI survey shows growth reviving, but uneven
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China may maintain its annual economic growth target at 7.5 percent next year in a sign the new leadership headed by Xi Jinping won’t tolerate a bigger slowdown from the lowest goal since 2004.