CHINA’S PMI ROSE UP TO 51.7% IN AUGUST

-September 2, 2010

China’s Manufacturing sector rebounded August, alleviating fears that the Country’s economy could face a possible easing  steep correction.

The Purchasing Managers’ Index (PMI), a major indicator of economic activity, rose to 51.7 percent in August, up 0.5 percentage points from last month’s figure.