Newest insights into growth rate developments in China
For the fifth consecutive month now, Chinese manufacturing has continued to expand its output but at a weaker rate, reports the monthly China Manufacturing PMI by HSBC.
Markit analysts explain the general output increase by a further expansion of total new work. They state that growth rate, however, decreased mainly because of lower of levels of new export orders and staffing, as compared to the previous month.
Nevertheless, Lu Feng from China Center for Economic Research anticipates Chinese steady economic growth of 7.5 to 8 percent in real terms in 2014.
» China Manufacturing PMI