Hongbin Qu: Purchasing Managers' Index

purchasing managers' index: HSBC Corp. said Friday its monthly purchasing managers' index showed its best improvement in seven months, rising to 50.9 from September's 50.2 on a 100-point scale on which numbers above 50 show expansion, according to Times Colonist. "China is on track for a gradual growth recovery," said HSBC economist Hongbin Qu in a statement and BEIJING, China - Two measures of China's manufacturing improved in October in a possible sign of economic recovery. An industry group, the China Federation of Logistics and Purchasing, said its index rose to 51.4 from the previous month's 51.1. (www.immigrantscanada.com). As reported in the news.