Nov 1st, 2009 - Bloomberg
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Nov. 2 (Bloomberg) -- China’s manufacturing expanded at thefastest pace in 18 months in October, a purchasing managers’index released by HSBC Holdings Plc showed.
The index rose to a seasonally adjusted 55.4 from 55 inSeptember, HSBC said in an e-mailed statement today. A readingabove 50 indicates an expansion.
A government-backed purchasing managers’ index, releasedyesterday, also showed the quickest growth since April 2008 asan unprecedented $1.27 trillion of new loans this year powered arecovery. Stronger growth and rising consumer prices will likelyprompt the central bank to tighten monetary policy from thesecond quarter of 2009, Goldman Sachs Group Inc. said Oct. 29.
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