From AP:
An index of China’s manufacturing rose in December, expanding at its fastest rate in 20 months amid heavy government economic stimulus, an industry group reported Friday.
The state-sanctioned China Federation of Logistics and Purchasing said its monthly purchasing managers index, or PMI, rose to 56.6 on a 100-point scale, compared with 55.2 in November. Numbers above 50 show manufacturing activity expanding.
It was the biggest month-to-month expansion since last March, when the PMI rose to 52.4 from 49 in the previous month.
The rising index “shows the situation of China’s economy is stable and the recovery has been further consolidated,” a government economist, Zhang Liqun, said in a statement issued by the federation.
