China’s economy shows signs of picking upThe Chinese economy is now operating at a more stable pace, according to Yi Gang, deputy governor of the People’s Bank of China. Photo courtesy of People’s DailyJudging from the latest economic data, China’s economy is indeed seeing an upward trend. In September, the official manufacturing Purchasing Managers’ Index (PMI) rose to 50.4, the highest reading since October 2014. According to economist Tang Min, China’s economy is slowly picking up compared with previous months. Several experts have stated that, while the world economy certainly impacts China, the upward trend of China’s economy will likely continue because China has great capacity for domestic demand, more innovative measures and the unwavering resolution to carry out reform.

Source: Manila Bulletin October 09, 2016 01:30 UTC