China factory activity stabilises
Feb 2, 2017-
Chinese factory activity expanded last month, data showed Wednesday, the latest indication that the world’s second largest economy is stabilising but analysts warned of headwinds caused by emerging US protectionism. The crucial manufacturingsector has for years been struggling in the face of sagging world demand for Chinese products and excess industrial capacity left over from the country’s recent infrastructure boom. But an upturn in the housing and construction markets thanks to cheap credit—following a series of monetary easing measures—has contributed to a rebound in manufacturing activity.
Published: 02-02-2017 09:50