China's manufacturing expansion has legs

05/1/2013 | Modern Distribution Management

Consistent with the overall economic trend, China's manufacturing production regained some strength in the last quarter of 2012, according to China Manufacturing Outlook 2013-2014, a MAPI report. Manufacturing sales revenue increased 7.1% in 2012, slightly lower than MAPI's previous forecast of 8%. "In 2013-2014, the pace of economic expansion is expected to remain at around an 8 percent annual rate as the global economic environment improves and net exports become less of a drag on growth," says report author and economist Yingying Xu.

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