HSBC: February China's manufacturing growth slowed to a good trend

China News Agency, Shanghai, March 1 (Xinhua) HSBC reported here today that the growth in Chinese manufacturing in February this year fell to its lowest level in 3 months, but its operating position has not changed. HSBC noted that China's manufacturing output rose for the 11th consecutive month in February, although the rise fell to its lowest level since November last year, but remains significant.　　Chinese manufacturers say their new business is still growing, and that the rise in new orders is linked to strong customer demand.　　HSBC analysis, China's growth in manufacturing exports illustrates the upturn in the economic environment of several key trading partners in China. A survey by HSBC showed that prices for Chinese manufacturing products rose in February, but were much lower than last month.　　Improve the product factory prices manufacturers say, the reason for the price increase is aluminum, coal, oil, steel and a series of raw materials are in the price. Qu Hongbin, HSBC's China chief economist, commented that despite the slowdown in China's manufacturing sector, its growth still bodes well for industrial activity to accelerate in the next few quarters. Finish)