China PMI survey shows growth reviving, but uneven

By REUTERS
December 3, 2012 01:38

 
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BEIJING - China's economy resumed momentum in November, but there are still signs of over-reliance on growth from the inefficient state sector, a series of purchasing managers' surveys shows.

The official manufacturing purchasing managers' index (PMI) rose to a 7-month high of 50.6 in November from 50.2 in October, the National Bureau of Statistics (NBS) said on Saturday, following on a preliminary private sector survey that showed factory activity reviving to a 13-month high.

The weekend results came ahead of the release on Monday of the statistics bureau's survey of the non-manufacturing sector, and by HSBC's final PMI reading for last month.

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