Economics
China’s Manufacturing Growth Maintains Rate Pressure
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China’s manufacturing expanded and input costs climbed, underscoring the case for more interest-rate increases to tame inflation pressures in the fastest-growing major economy.
A reading of 52.9 for a purchasing managers’ index released by China’s logistics federation on its website exceeded the 50 level dividing expansion and contraction. A PMI from HSBC Holdings Plc and Markit Economics rose to 54.5 from 54.4.