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China's factory activity reaches 18-month high

Published Thu, Jul 24, 2014 · 10:00 PM
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[BEIJING] China's factory activity expanded at its fastest pace in 18 months this month as new orders surged, a preliminary HSBC survey showed yesterday, the latest indication that the economy is picking up as government stimulus measures kick in.

The HSBC/Markit Flash China Manufacturing Purchasing Managers' Index rose to 52 this month from June's final reading of 50.7.

It was the highest reading since January 2013, and above the 50-point level that separates growth in activity from contraction for the second consecutive month.

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