Private factory gauge grows amid stabilisation

Soaring shipments: An employee at a company manufacturing lithium batteries in Huaibei, in eastern China’s Anhui province. The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June. — AFP

SHANGHAI: China’s manufacturing activity expanded for a second straight month, according to a private survey, a further sign of stabilisation after Beijing unleashed a stimulus package to shore up the economy.

The Caixin manufacturing purchasing managers index (PMI) rose to 51.5 last month, the highest since June, according to a statement released by Caixin and S&P Global yesterday.