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China manufacturing contracts at slower pace, HSBC says

October 25th, 2012 FAKE NEWS for the Zionist agenda

BBC – Chinese manufacturing showed signs of recovery in October, shrinking at a slower pace than in previous months, according to a report by HSBC. The bank’s influential purchasing managers index (PMI) hit 49.1 this month, compared with 47.9 in September. That is the PMI’s highest level in three months, helped by a pick up in new orders. The figure is the latest to suggest an improvement in the world’s second biggest economy. In September industrial production rose a better-then-expected 9.2% from a year earlier, the first rise in four months. Read Article

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