Greater China Daybook: August PMI; Premier Wen Reiterates Economic Policy

Chinese manufacturing may have expanded last month at a faster rate than in July, signaling that the world’s second-biggest economy is withstanding increased interest rates and tightened liquidity.

The Purchasing Managers’ Index, scheduled to be released by the China Federation of Logistics and Purchasing at 9 a.m. today, may be 51, compared with 50.7 in July, according to the median estimate of 14 economists surveyed by Bloomberg.

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- Posted: 2011-08-31 20:59:26

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