Upbeat news on China’s massive manufacturing activity sector on Tuesday raises the question of whether it’s time to wean the economy off growth-supportive measures.
China’s factory growth rose to a six-month peak, with the official Purchasing Managers’ Index (PMI) rising to 51 in June from 50.8 in May amid improving demand both at home and abroad.
The final reading of the HSBC/Markit PMI for June meanwhile rose to 50.7 from 49.4 in May, breaking above the 50-point mark that divides growth in activity from contraction for the first time since December.
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