China's manufacturing field shows positive growth

China's Manufacturing production continued to pick up for the third consecutive month in September, driven by the expansion of new orders and exports, sending positive signals for overall economic growth in the third quarter. The National Bureau of Statistics and the China Federation of Logistics and Purchasing reported that the manufacturing Purchasing Managers' Index climbed to 51.1 in September from 51.0 in August, the highest since May 2012, according to China's (Xinhua) News Agency. The sub-index indicated that new orders rose to 52.8 from 52.4 in August, and export orders increased to 50.7 from 50.2, according to the official figures. "The PMI figure in September indicates a steady growth of China's manufacturing economy amid strengthened entrepreneurs' confidence and social expectation," said Zhao Qinghe, a senior economist at the NBS. Positive factors for the whole economy have been accumulating since the second quarter, supported by a series of economic policies targeting long-term growth stabilization, economists said.