The mainland's non-manufacturing industries expanded last month at the fastest pace in four months, adding to the signs of economic recovery.
- Sat
- May 25, 2013
- Updated: 6:06pm
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European shares hit a two-week high on Thursday as Chinese economic data gave a further sign of recovery, encouraging investors to put more money into stocks.
Manufacturing on the mainland likely improved this month from the past two months although continuing to contract, adding to signs the world's second-largest economy is stabilising.
Manufacturing activity in China stabilised in September after hitting a 9-month low in August, even though output dipped to its lowest level in 10 months, a factory survey showed on Thursday.
The mainland economy is showing further signs of slowing as manufacturers grapple with dwindling overseas and domestic orders, fuelling concerns of lay-offs by employers in the absence of a fresh...
Beijing is getting increasingly nervous about the rapid build-up of debt in industries such as steel and power, as cooling demand and overcapacity cause delays in payments amid the slowest...
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