China's economy shows signs of recovery

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China's economy shows signs of recovery

China's economy shows signs of recovery
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There are more signs that China’s economy is rebounding.

In September, the official purchasing managers’ index, which uses surveys of companies to gauge industrial activity, showed the manufacturing sector growing again for the first time in three months as output and new orders rose.

China’s economy – which is the world’s second-largest – had slowed to its weakest pace in more than three years in the third quarter.

Beijing has been following a programme of pro-growth fine tuning of economic policies for the last year.

Analysts broadly expect that to remain in place when a new leadership line-up at the top of the ruling Communist Party is unveiled this month.

South Korea

South Korea, another of Asia’s manufacturing powerhouses, posted the first annual rise in exports in four months in October, adding to hopes for a turnaround after a year-long slump in global trade.

Stronger demand from China and Europe led the small but meaningful 1.2 percent gain in exports last month on an annual basis.

South Korea is home to some of the world’s top suppliers of cars, ships and consumer electronics, and its October trade figures, the first from a major exporting economy, suggested global demand may be on the mend after a months-long slowdown.


India’s manufacturing growth inched up in October from September’s 10-month low, supported by a pick up in new orders and an easing of price pressures.

While faltering demand from the West has hit Indian exports, the heaviest drag on an economy struggling against its weakest GDP growth in nearly three years has come from the government’s struggle to rein in spending and a lack of reforms needed to spur investment.