ECONOMICS COMMENTARY
Jul 24, 2014
Robust start to third quarter as flash PMI hits one-and-a-half year high in China
Growth of China's manufacturing economy accelerated to the fastest for a year and a half in July, according to the first PMI-based snapshot of business conditions. An upturn in export growth signalled by the survey also suggests that global economic growth is reviving as we move into the second half of 2014, providing a welcome accompaniment to signs of an ongoing improvement in domestic demand within China.
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