BEIJING — China's manufacturing output appears to be on the upswing, according to data released by HSBC and the Chinese government.
On Monday, the bank said China's purchasing managers' index (PMI) rose to 50.1 in August, a strong rebound from the 11-month low number of 47.7 in July. The government's official number, made public a day earlier, said China's manufacturing output expanded last month by at the quickest pace in 16 months.
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