China manufacturing index up in December

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China manufacturing index up in December

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China's manufacturing index rose in December to 50.3 percent.

01 January,2012 11:18 am

Chinas manufacturing index rose in December to 50.3 percent, a slight rebound after a greater-than-expected fall in November.The state-affiliated China Federation of Logistics and Purchasing said Sunday that its purchasing managers index, or PMI, rose 1.3 percentage points from 49 percent in November.Novembers figure had been well below the 50-level that signifies expansion, and marked the first contraction in manufacturing activity since early 2009.Federation analyst Zhang Liqun said the rebound signaled China should not expect to see a big slowdown in economic growth in 2012.Immigration Minister Damian Green said: Weve limited non-EU workers coming to the UK, overhauled the student visa system and will shortly announce reforms of the family migration and settlement routes.The latest quarterly figures show that student visas issued are down 13 percent and the main work visas issued are down 18 percent compared to last year -- an early sign that our policies are starting to take effect.