David Frum

11.01.12

Goodish News From China

China's slowdown is revving up.

China’s manufacturing sector has returned to growth, according to a survey that adds to the evidence the world’s second-largest economy is in the midst of a moderate rebound.

The official purchasing managers’ index, a gauge of industrial activity, rose to a four-month high of 50.2 in October from 49.8 in September. The 50 level separates expansion from contraction. In edging past that mark, the latest PMI suggests that Chinese factories are getting busier, but only just.