China manufacturing expands in September: HSBC
BEIJING (AFP) - China's manufacturing activity expanded for a second straight month in September, HSBC reported on Monday, suggesting a rebound in the world's second-biggest economy is building momentum.
The bank's closely watched purchasing managers' index (PMI) for the month rose to 50.2 from 50.1 in August and well up from an 11-month low of 47.7 seen in July.
A reading higher than 50 signals growth while anything below that indicates contraction.
"Though only slight, this was a positive development," the British banking giant said in a statement.