In April, Chinese manufacturing grew at a faster pace, marking increasing risks of a bubble bursting in one of the world’s fastest-growing economies.
According to the Federation of Logistics and Purchasing the Purchasing Managers’ Index rose to a seasonally adjusted 55.7 from 55.1 in March. This number is less than the median 55.9 estimate in a Bloomberg News survey of 14 economists, yet it still indicates an expansion since readings above 50 are indicative of such growth.
In reaction China has been attempting to control the formation of asset bubbles and constrict inflation by cracking down on property speculation. This is after the economy grew 11.9 percent in the first quarter.
