Asia Bizz: China’s Manufacturing Sector grows In September
China’s manufacturing sector had an increased acceleration for the month of September although the country was in plane to reduce that. The index of the purchasing managers increased to 53.8, which is the highest since the month of May, the August index was 51.7.
In China, the survey of all big companies is prepared for the national bureau of statistics and it also indicates a level which is more than 50 will be regarded as growth or expansion.
This is a situation when the Chinese government was at efforts to slow down the economy.
This year the Chinese government is targeting a years growth of around 8%. This growth will be great to meet as China’ economy will record a level of consistency. China’s Economy ranks third in the world.