Chinese economic slowdown set to end?

<p>Data has pointed to improvements in the Chinese economy.</p>

New data has suggested the slowdown of the Chinese economy could be coming to an end.

The growth of the world's second largest economy has been slowing in recent months, but new figures have shown factory output rose by almost ten per cent during July.

Not only was this up from June's 8.9 per cent rise, it also beat the expectations of analysts and fueled predictions the Chinese economy could be set to grow faster once more.

Consumer prices were steady during the course of the month at 2.7 per cent, while the producer price index (PPI) fell 2.3 per cent in July.

Xu Dongshi, from Galaxy Securities in Beijing, said: "The easing PPI drop also implies signs of stabilising of the industrial sector. But it's still too early to say that China's economy is on the track of rebounding as it takes time to resolve economic structural problems."

The HSBC non-manufacturing Purchasing Managers' Index for China was recently found to be at 51.3 for July, with this figure unchanged since the previous month.

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