BEIJING, Sept. 1 (Xinhua) -- China's manufacturing activities posted a strong recovery in August, offering further signs that the world's second largest economy is walking out of the shadows of protracted slowdown.
The purchasing managers' index (PMI) for the manufacturing sector rose to 51.0 percent in August from 50.3 percent in July, marking the second monthly expansion in a row, and the highest reading this year, the China Federation of Logistics and Purchasing (CFLP) said on Sunday.
The 70 basis points expansion also represents the biggest increase since January. In the months prior to August, the data had swayed back and forth.
Zhao Qinghe, a senior statistician with the National Bureau of Statistics (NBS) said, the new data shows the manufacturing activities have stronger growth impetus, and the economy is firming in a more evident way.
A reading below 50 indicates contraction, while anything above signals expansion.
BEIJING, Aug. 28 (Xinhua) -- China will work to ensure quality and steady economic growth in the second half of 2013 by boosting demand, industrial upgrading and reforms, according to a government report.
According to the State Council's report on the implementation of China's economic and social development plan, to improve the quality and efficiency of the country's economic development will remain a "central task" in the second half of the year. Full story
BEIJING, Aug. 27 (Xinhua) -- China showed more evidence of stabler economic growth that will help cushion the shocks from recent financial turbulence in emerging markets, the Shanghai Securities News reported Tuesday.
China's National Bureau of Statistics (NBS) spokesman Sheng Laiyun said at a news briefing on Monday that the world's second largest economy will hit the target of 7.5 percent for the year with stabilizing economic growth after a lengthy decline. Full story