China manufacturing activity strengthens in August: Govt
BEIJING (AFP) - China's manufacturing activity strengthened in August, official figures showed on Sunday, the latest data to suggest that the world's second-largest economy is stabilising.
The official purchasing managers' index (PMI) rose to 51.0 last month from 50.3 in July, according to figures released by the National Bureau of Statistics.
The index tracks manufacturing activity in China's factories and workshops and is a closely watched gauge of the health of the economy. A reading below 50 indicates contraction, while anything above signals expansion.
The PMI strengthened for the second straight month and comes as other recent data have spurred optimism a slowdown in the economy may have been stemmed.