Economics
China Non-Manufacturing Industries Grew in July, Surveys Show
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A Chinese non-manufacturing index rose for the first time in three months in July, indicating some industries are withstanding the government’s campaign to cool inflation in the world’s fastest-growing major economy.
A purchasing managers’ index rose to 59.6 from 57 in June, the China Federation of Logistics and Purchasing said on its website today. A reading above 50 indicates growth. A separate measure released by HSBC Holdings Plc and Markit Economics showed a moderating pace of expansion.