2 Mar 2012

February manufacturing in China up

10:05 am on 2 March 2012

Manufacturing in China expanded in February, easing concern about an economic slowdown.

The Purchasing Manager's Index, an indicator of manufacturing activity, rose to 51.0 from 50.5 in January.

A new export orders sub-index rose to 51.1 from 46.9. A reading above 50 indicates expansion.

The BBC reports there have been fears that a slow recovery in the United States and the Eurozone debt crisis may hurt China's growth.

Last month, China cut the amount of money banks must keep in reserve, in an effort to boost lending.