China's economy steadily improving, says survey
It said its latest Flash MNI China Business Sentiment Indicator pointed to strong growth in February, with rises in new orders and production, helping the indicator rise to 61.79, compared with a final reading of 551.56 for January.
Business conditions in China continue to improve, according to preliminary data from Market News International, a unit of Deutsche Boerse.
It said its latest Flash MNI China Business Sentiment Indicator pointed to strong growth in February, with rises in new orders and production, helping the indicator rise to 61.79, compared with a final reading of 551.56 for January.
It also said growth in both new orders and production accelerated during the month.
The figures chime with separate data pointing to an economic rebound in China, which reported earlier this month that exports grew 25 per cent year-on-year in January.
China’s January’s trade surplus was US$29.2 billion (HK$226.4 billion) versus a market expectation of US$22 billion (HK$170.6 billion).
Global markets have been buoyed in part by expectations of a surge in China’s export growth and an easing of inflation to 2.0 per cent from December’s seven-month high of 2.5 per cent when January data are published.
