BEIJING (AP) — China’s manufacturing activity expanded in January in a new sign of recovery for the world’s second-largest economy but growth was weak, two surveys showed Friday.
The government-sanctioned China Federation of Logistics and Purchasing said its purchasing managers’ index stood at 50.4 on a 100-point scale on which numbers above 50 indicate an expansion. Separately, HSBC Corp. said its PMI stood at 52.3 on a similar 100-point scale.
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