China's manufacturing overall recovery inflation controllable, HSBC report said

China new social hair Jiangsu-Xu Yuiping, Shanghai, January 4 (Xinhua) The Chinese four-quarter manufacturing purchasing Managers ' index has reached record highs, the HSBC report said today.　　Qu Hongbin, HSBC's China chief economist, points out that China's inflationary pressures in the last two months remain manageable.　　China's manufacturing output surged last December, with an average expansion rate of four per cent, the highest in 2004, with the manufacturing industry continuing to expand for nine consecutive months, HSBC reported. Survey data show that China's manufacturing sector received a significant increase in new orders last December. Companies surveyed by HSBC generally believe that the rise in new business is linked to higher domestic and foreign market demand.　　In stark contrast to the severe recession in the four quarter of 2008, Chinese manufacturing export orders continued to grow in the second half of last year. Data from last December's survey showed that Chinese manufacturers significantly increased their prices, the biggest increase since July 2008.　　Manufacturers say that the rise in market demand plus raw materials prices, together led to price pressures. Qu Hongbin commented on the findings that, as demand is booming and raw material costs are rising faster, the Chinese product price index has accelerated in the last two months, which will increase inflationary pressures, "but we think inflation is still manageable in the next few months." Finish)