Aileen Wang

Aileen Wang: BEIJING - China's factory activity expanded at the fastest pace in more than a year in August with a jump in new orders, official data showed on Sunday, raising hopes that a rapid economic slowdown in the world's second-largest economy may have been arrested. , according to Reuters. A reading above 50 indicates expanding activity, while a reading below 50 points to a contraction. By Aileen Wang and Jonathan Standing The purchasing managers' index PMI figure, published by the National Bureau of Statistics, rose to 51.0 in August from 50.3 in July, the highest level since last April and ahead of market expectations of 50.6 in a poll. (www.immigrantscanada.com). As reported in the news.