Economics
Chinese Manufacturing Gauge Recovers Lost Ground on Stimulus
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A Chinese manufacturing gauge recovered lost ground in January, suggesting stimulus measures have helped stabilize the world’s second-largest economy.
The preliminary Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics was at 49.8, exceeding the median estimate of 49.5 in a Bloomberg survey and up from December’s 49.6. Numbers below 50 indicate contraction.