BEIJING (AP) — China's factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world's second-largest economy is gradually improving following its post-pandemic malaise.
The composite index rose to 52 from 51.3.
Zhao said the improvement indicated by the latest indexes suggest the level of economic activity is rebounding.
However, China's economic rebound remained uneven.
China's economy grew at a 6.3% annual pace in the second quarter of this year, much slower than the 7%-plus growth that analysts had forecast based on the anemic pace of activity the year before.
Persons:
—, Zhao Qinghe, Zhao, Hui Ka Yan
Organizations:
BEIJING, National Bureau of Statistics, China Federation of Logistics, Purchasing, China Evergrande, Investment
Locations:
China, Hong Kong