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2012, May 22

China's Manufacturing Accelerates at Fastest Pace in 5 Years

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China's Manufacturing Accelerates at Fastest Pace in 5 Years

by CFO Innovation Staff, 01 December 2009
topics:
Cash and Liquidity Management Finance and Banking Supply chain financing
tags:
manufacturing purchasing manager's index
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China's latest purchasing manager's index (PMI) shows that the country's manufacturing grew last month at the fastest pace in five years, boosting Asia's emergence from the global economic slump, reports Bloomberg.

 

According to Bloomberg, the PMI released today by HSBC Holdings Plc rose to a seasonally adjusted 55.7 from 55.4. Meanwhile, the government’s PMI, also released today, held at an 18-month high.

 

“The recovery is quite strong with all economic indicators except exports now pretty much back to pre-crisis levels,” Isaac Meng, a senior economist at BNP Paribas SA in Beijing, told Bloomberg. “The key challenge is how to cool off excessive liquidity and pre-empt the asset bubble and inflation risks.”

Original Article URL: 
Chinese Manufacturing Accelerates, HSBC PMI Shows
Orignal Author: 
CFO Innovation Staff
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