BEIJING - China’s factory activity expanded at a faster pace in September helped by a return to exports growth after several months of shrinking sales, bolstering a steady recovery for the economy as it rebounds from the coronavirus shock.
China’s vast industrial sector is steadily returning to the levels seen before the pandemic paralysed huge swathes of the economy, as pent-up demand, stimulus-driven infrastructure expansion and surprisingly resilient exports propel a recovery. “The higher official PMI for both manufacturing and non-manufacturing suggested China’s growth recovery is on track,” Nomura analysts said in emailed comments.
The official PMI also showed activity in China’s services sector expanded at a faster pace in September, as demand across the economy continues to recover from the coronavirus-induced slump.Yet, even as China emerges from the pandemic in fairly stable shape, many expect the road ahead to be bumpy.
Paid news!!
BaldingsWorld What actual exports are actually driving this? Is this in the realm of fantasy GDP figures generated by Beijing?
BaldingsWorld The world is in a recession.
China is the strongest economy engine in the world
They never stop working.
Well, as long as things are good in China....
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