China economy carries manufacturing momentum

Dec 31, 2012, 12:16 AM EST
A labourer works at a steel factory in Dalian, Liaoning province December 4, 2012.
REUTERS/China Daily

The HSBC purchasing managers’ index for December climbed to 51.5 from 50.5 a month earlier, signaling an accelerated pace of expansion for China's economy. The survey results fit with a growing consensus that the Chinese economy revved back up in the fourth quarter, after growth slowed for the seventh consecutive quarter to 7.4% in the third.

TAGS: HSBC
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