China's manufacturing activity strengthened in August to its highest level in 16 months, official figures showed Sunday, the latest data to suggest the world's second-largest economy is picking up steam after two quarters of slower growth.
A labourer works in a textile factory in Huaibei, China's Anhui province on July 24, 2013. China's manufacturing activity strengthened in August, official figures showed Sunday, the latest data to suggest that the world's second-largest economy is stabilising.
The official purchasing managers' index (PMI) rose to 51.0 last month from 50.3 in July, according to figures released by the National Bureau of Statistics (NBS).
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.