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China PMI rises sharply, exceeds estimate

July manufacturing data signals economy is gaining momentum, driven by govt infrastructure investment including railways, subways
Saturday, August 2, 2014 - 06:00

Beijing CHINA's manufacturing expanded in July at the fastest pace in more than two years, signalling a pick-up in economic growth is strengthening amid government support policies. The Purchasing Managers' Index (PMI) was at 51.7, the National Bureau of Statistics and China Federation of