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China manufacturing growth leaps

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China manufacturing growth leaps

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China’s factories increased production last month and gained new orders.

That was the finding of surveys of purchasing managers in the manufacturing sector carried out by the government and the bank HSBC.

The figure highlight the strength of the world’s second-largest economy but also pointing to inflation pressures in the future.

The indexes drawn up using the two surveys both jumped to six-month highs.

The increase was all the more impressive since the official survey has traditionally sagged in October, weighed down by the week-long National Day holiday, when Chinese factory production slows.

The data boosted stock markets around Asia.