China Manufacturing Up but Weakness Remains

The Dongfeng Peugeot-Citroen Automobile plant in Wuhan, China Photograph by Tomohiro Ohsumi/Bloomberg

Here’s some good news for factories in China. A purchasing managers’ index for manufacturers beat expectations with a reading of 51.4 (above 50 indicates expansion) in October, reaching its highest level in 18 months. And a separate manufacturing survey release by HSBC and Market Economics also exceeded projections and set a seven-month-high.

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