China’s Manufacturing Expands at Fastest Pace in 19 Months

China’s Manufacturing Expands at Fastest Pace in 19 Months

Tomohiro Ohsumi/Bloomberg

A businessman takes a photograph in the Sanlitun area of Beijing, China. Improvements in China's retailing, real estate and mining in the fourth quarter were countered by rising inventories and lower corporate borrowing, according to the China Beige Book report issued last week.