The Traderszone Network

Published in TZ Latest News 23 July, 2014 by The TZ Newswire Staff

China July HSBC flash PMI rises to 18-month high

Activity in China’s factory sector expanded at its fastest pace in 18 months in July, a preliminary HSBC survey showed on Thursday, as a raft of government stimulus measures kicked in. China’s economy grew slightly faster than expected in the second quarter as a burst of government stimulus paid dividends, but analysts said Beijing will likely need to offer further support to meet its growth target of around 7.5 percent for 2014.