Doing Business in China: Manufacturing Outlook
Signs for China manufacturing industry pointing to positive growth
China’s gross domestic product (GDP) attained a 7.8% growth for 2012, better than the forecasted 7.5%. In January 2013, the purchasing managers’ index (PMI) recorded by HSBC showed a strong reading of 51.9, the highest since January 2011 indicating the manufacturing industry is on an accelerated growth path. Does this imply the Chinese economy is rebounding and embarking on a healthy growth direction in 2013?