Jan factory growth still strong

Updated 2018-02-02 13:42:00

China's manufacturing sector sustained growth at multi-month highs in January, a private business survey showed on Thursday, as factories continued to raise output to meet new orders, suggesting resilience in the world's second-largest economy.

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) was at 51.5 in January, unchanged from the previous month. Analysts surveyed by Reuters had forecast a drop to 51.3.

December's reading was the highest in four months and above the 50-point mark that separates growth from contraction. The solid Caixin PMI readings indicate that China's economy is still expanding strongly as it nurtures new drivers of growth.

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