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China's manufacturing grew, but weakly, in January


March 16. 2013 11:02PM
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(AP) Two surveys show China's manufacturing activity expanded in January, adding to signs of an economic recovery, but growth was weak.


The government-sanctioned China Federation of Logistics and Purchasing said Friday its purchasing managers' index stood at 50.4 on a 100-point scale on which numbers above 50 show an expansion. Separately, HSBC Corp. said its index stood at 52.3 on a similar 100-point scale.


In a reflection of the shaky state of China's recovery, the logistics group's index showed a small decline from December.


China's economic growth rebounded to 7.9 percent in the three months ending in December, up from the previous quarter's three-year low of 7.4 percent. Analysts warn, though, that the country could face a setback if trade or investment growth weakens.


Associated Press


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