Chinese Industry On More Solid Ground, Surveys Show
From Reuters:
China’s manufacturing sector extended a steady if unspectacular recovery in June, surveys released on Wednesday showed, adding to evidence across Asia that the regional economy is finally pulling out of a deep dive.
“I believe the current recovery has been confirmed and can be sustained,” Fan Gang, an economist who advises the central bank, told a financial forum.
Fan predicted China’s exports will be growing again, from a low base, by the end of the year.
Origin: Alan Wheatley and Simon Rabinovitch, Reuters
