Economics
China, India Factory Gauges Gain Even With Europe Weak: Economy
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Chinese and Indian manufacturing gauges rose in December, suggesting that Asia’s fastest-growing major economies are so far withstanding the fallout from Europe’s sovereign-debt crisis.
In China, a purchasing managers’ index was at 50.3 from 49 in November, the Beijing-based logistics federation said in a statement yesterday. An Indian PMI rose to 54.2 from 51, HSBC Holdings Plc and Markit Economics said today.