Day: September 1, 2017

Private Data Confirms Growth of China’s Manufacturing, Yuan Gains

Today’s private report confirmed yesterday’s official data that showed an improvement of China’s manufacturing sector. That allowed the Chinese yuan to appreciate even as China’s central bank set the daily fixing weaker. The Caixin China General Manufacturing PMI rose from 51.1 in July to 51.6 in August. The report said: China’s manufacturing sector remained in expansion territory in August, fuelled by the strongest increase in new business for just over three years. […]