Economics
China’s Manufacturing Improves for Third Month
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China’s manufacturing expanded at a faster pace in February and a gauge for India showed sustained growth, indicating that Asian economies are maintaining momentum even as Europe’s debt crisis caps exports.
In China, the purchasing managers’ index rose for a third month to 51.0 from 50.5 in January, the statistics bureau and logistics federation said in a statement today. In India, a PMI released by HSBC Holdings Plc and Markit Economics was close to an eight-month high.