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China’s PMI rose indicating manufacturing growth acceleration December 1, 2010

Posted by Enginomist in China, News.
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China’s logistics federation reported in its website today that the Purchasing Managers’ Index rose from 54.7 to 55.2 in October.

That means China’s manufacturing grew at a faster pace for 4th straight month in November which indicates the economy can withstand higher interest rates as price pressures increase. (Read more)