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China's manufacturing has recorded growth for 10 straight months, consolidating the recovery of the world's third largest economy, an official survey showed on Friday.
The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 56.6 percent in December, 1.4 percentage points higher than that for November, the China Federation of Logistics and Purchasing (CFLP) said.
It was the 10th straight month that the data stayed above 50, which indicated expansion. A reading below 50 signaled contraction.
The rising index suggested the Chinese economy has further consolidated its recovery, said Zhang Liqun, a researcher with the Development Research Center of the State Council.
The index for export order was 52.6 percent, 1 percentage point lower than a month earlier. Zhang said it is too early to be optimistic about the recovery of the global market.
The purchasing price index was 66.7 percent, up 3.3 percentage points, the highest among other figures.
Zhang said manufacturers should enhance their competitiveness to better cope with the rising production costs.
New export order index climbed by 2.6 percentage points to 61 percent.
The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 56.6 percent in December, 1.4 percentage points higher than that for November, the China Federation of Logistics and Purchasing (CFLP) said.
It was the 10th straight month that the data stayed above 50, which indicated expansion. A reading below 50 signaled contraction.
The rising index suggested the Chinese economy has further consolidated its recovery, said Zhang Liqun, a researcher with the Development Research Center of the State Council.
The index for export order was 52.6 percent, 1 percentage point lower than a month earlier. Zhang said it is too early to be optimistic about the recovery of the global market.
The purchasing price index was 66.7 percent, up 3.3 percentage points, the highest among other figures.
Zhang said manufacturers should enhance their competitiveness to better cope with the rising production costs.
New export order index climbed by 2.6 percentage points to 61 percent.