World Business News

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Surveys show rosier outlook for China firms

Zone(s): China ¦ Sector(s): Economy
[4 June 2014, CITY A.M.]The Chinese economy firmed up in May according to two separate surveys, soothing concerns that the country’s growth is continuing to slow down.

HSBC’s measure of China’s dominant manufacturing base suggested a milder dip in output, with a purchasing managers’ index (PMI) score of 49.4. Though any number below 50 suggests contraction, May was the strongest month that the bank has recorded since January.

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