Chinese Manufacturing Growth

The purchasing managers index in China has rose from 54.3 to 55.2 in September. Any figure above a 50 indicates growth. This demonstrates Chinese growth economically, after having faced six months of recession prior to the eight month growth streak they are currently enjoying. The Chinese government has aided in this growth by instating stimulus packages, which include providing infrastructure projects that create new jobs. However, economists believe that even without state aid, China will 'enjoy robust growth'. External demands, such as private investment, consumer spending, and export demands should also aid in growth in the coming months, and that the state should be able to start cutting back on aid in early 2010.

Source: BBC

By: Grace Heimerl