Growth eases for man­u­fac­tur­ing sec­tor

New Straits Times - - Business / World -

Growth in China’s man­u­fac­tur­ing sec­tor cooled slightly last month as for­eign de­mand for Chi­nese goods slack­ened, but a gov­ern­men­tled in­fra­struc­ture push kept con­struc­tion hum­ming and helped prop up the world’s sec­ond-largest econ­omy. The of­fi­cial Pur­chas­ing Man­agers’ In­dex held above the 50-point mark that sep­a­rates growth from con­trac­tion for the 12th straight month, as China poured funds into a con­struc­tion boom that has fu­elled de­mand for ev­ery­thing from ce­ment to steel and other build­ing ma­te­ri­als.

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