Manufacturing activity in China expanded at the fastest pace

A private sector survey showed on Monday that manufacturing activity in China expanded at the fastest pace in nearly a decade in conjunction with improved domestic demand, indicating that the second largest economy in the world will help reduce the pandemic blow to the global economy.

ome analysts who say that concerns about the second wave may affect global students and corporate confidence, which leaves any recovery in factory production in Asia weak.

A private sector survey showed on Monday that China’s manufacturing activity expanded at its fastest pace in nearly a decade as domestic demand improved, indicating that the world’s second largest economy will help ease the epidemic blow to global growth.

China’s Caixin / Markit Manufacturing PMI rose to 52.8 last month from 51.2 in June, marking the third consecutive month of sector growth and the biggest jump since January 2011.ي