Economics
China HSBC Manufacturing Index Rises to Four-Month High
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A Chinese manufacturing gauge rose to a four-month high, signaling that the economy is stabilizing even as job cuts and weakness in the property market underscore pressure on the government to do more to support growth.
A Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 49.4 in May, up from 48.1 in April. At the same time, the number was below the 49.7 median forecast in a Bloomberg News survey of analysts.