Twin China PMI surveys show economy perking up

China’s economy is finally regaining traction, official and private sector factory surveys showed on Thursday, although the recovery remains sluggish with the latter recording its 12th straight month of slowing growth.

Evidence is mounting that the economy revived in October after domestic credit curbs and poor demand from overseas markets pushed economic growth in the third quarter to its weakest rate since the depths of the global financial crisis.

via Business feed http://www.scmp.com/business/economy/article/1074195/twin-china-pmi-surveys-show-economy-perking