Looking to China to lift growth

With the United States struggling through a soft patch and Europe battling recession, China may come to the rescue by demonstrating a resilience that would provide comfort in a sea of economic uncertainty. ...

From the second quarter the government has unleashed a lot of projects, and that has started to be felt in the economy, but it’s not a very healthy recovery yet BEIJING — China’s economy picked up in November, but a broader global recovery remains fragile and patchy, a clutch of factory surveys suggested on Monday, with activity elsewhere in Asia remaining subdued amid depressed demand from the developed world.

LONDON/BEIJING — European manufacturing appeared no closer to recovery last month while growth in Asia cooled, according to business surveys and trade data on Friday that pointed to ongoing weakness in global demand. Purchasing managers’ reports from the United States due later, however, are expected to show growth picking up in the world’s largest economy, after a weak fourth quarter. In China, factory growth slowed to multi-month lows. Sluggish domestic demand added pressure to already depressed foreign sales, two separate purchasing manager indexes (PMI) showed.

LONDON — The eurozone’s economic downturn deepened this month, even before Cyprus’ bailout troubles, but China’s factories took a completely different path and moved up a gear, business surveys showed on Thursday. Figures due later from the United States are expected to show a pick up by factories in the world’s largest economy. The eurozone survey results will add to the headache of policymakers battling to revive the currency bloc’s fortunes and now to deal with the potential default of one of its members.

LONDON/BEIJING – China’s vast manufacturing sector expanded in December but the eurozone is probably deeper in recession, business surveys suggested on Friday. Data researcher Markit said its Eurozone Flash Composite Purchasing Managers Index, which combines both manufacturing and services sector data, showed small signs of improvement. It rose to a nine-month high of 47.3 this month, beating forecasts for 46.8.

We do believe the worst is behind us The euro-area recession deepened more than economists forecast with the worst performance in almost four years as its three biggest economies suffered slumping output.