BEIJING—China's manufacturing sector is showing some renewed gusto, with figures released this weekend indicating the first pick-up in factory production in more than a year.
On Sunday, the HSBC Flash China Manufacturing Purchasing Manager's Index (PMI) rose to its strongest level in 13 months. The index, which polls private factory managers about their production rates, was 50.5 in November, up from 49.5 a month earlier. Manufacturing is considered to be expanding when a PMI rises to 50 or above. An official PMI tally released over the weekend showed a similar upswing.
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