Economics
China Pledges to Keep Growth Within ‘Reasonable Zone’
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China’s government pledged to prevent growth from slipping below a “reasonable” level as manufacturing gauges gave a mixed picture of the strength of the world’s second-biggest economy.
The nation “can’t blindly stimulate economic growth, nor can it allow economic growth to decelerate to a level out of the reasonable zone,” the State Council Information Office said in Beijing after a Purchasing Managers’ Index reading of 50.3 for July, up from 50.1 in June. A gauge from HSBC Holdings Plc and Markit Economics fell to 47.7, an 11-month low.