China's manufacturing output rose in September and accelerated from the previous month, reports the Wall Street Journal.
Citing the China Federation of Logistics and Purchasing, the Journal says China's Purchasing Managers Index rose to 53.8 in September from 51.7 in August. A PMI reading above 50 indicates an expansion in manufacturing activity, while a reading below 50 indicates contraction, notes the Journal.
The expansion in China's manufacturing activity suggests that slowdown from extraordinary growth rates earlier this year will be mild and that growth remains robust.
"Economic growth will shift from being supported by stimulus policies to being supported by market forces," CFLP analyst Zhang Liqun says in a statement obtained by the Journal.
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