BEIJING (Reuters) – China’s economy resumed momentum in November, but there are still signs of over-reliance on growth from the inefficient state sector, a series of purchasing managers’ surveys shows.

The official manufacturing purchasing managers’ index (PMI) rose to a 7-month high of 50.6 in November from 50.2 in October, the National Bureau of Statistics (NBS) said on Saturday, following on a preliminary private sector survey that showed factory activity reviving to a 13-month high.

BEIJING (Reuters) – China’s vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of economic growth has revived after seven consecutive quarters of slowdown.

The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a 13-month high of 50.4 in November, the latest indicator of recovery in the real economy after data showing solid credit growth, firmer exports and rising industrial output in the previous month.

BEIJING (Reuters) – China’s vast manufacturing sector saw expansion accelerate in November for the first time in 13 months, preliminary results from a factory survey showed, a sign that the pace of economic growth has revived after seven consecutive quarters of slowdown.

The China HSBC Flash Manufacturing Purchasing Managers Index (PMI) rose to a 13-month high of 50.4 in November, the latest indicator of recovery in the real economy after data showing solid credit growth, firmer exports and rising industrial output in the previous month.

BEIJING, Nov 13 (Reuters) – Chinese firms wanting to invest
overseas are likely to turn more to developing countries in the
face of rising protectionism in the West, the head of one of the
country’s biggest banks funding overseas development said on
Thursday.

China, which often says its companies face barriers in
investing in the West, is currently awaiting a Canadian ruling
on state-owned CNOOC Ltd’s $15.1 billion bid to buy
Nexen Inc.. Canada has delayed its decision twice.

BEIJING (Reuters) – The U.S. decision to approve steep duties on Chinese-made solar panels could cost American exporters a growing market, Chinese Commerce Minister Chen Deming said on Saturday, adding that he didn’t want to see a trade war.

The U.S. International Trade Commission voted last week in favor of duties ranging from 23.75 percent to about 250 percent, ruling that a flood of cheap solar panels from China had hurt U.S.-based manufacturers. Similar cases are under way in Germany.

BEIJING (Reuters) – The United States is exhibiting a “Cold War mentality” with its fears that Chinese telecommunications equipment manufacturer Huawei poses a security risk because of its ties to the Communist Party, China’s commerce minister said on Saturday.

The U.S. House of Representatives’ Intelligence Committee warned last month that Beijing could use equipment made by Huawei, the world’s second-largest maker of routers and other telecom gear, as well as rival Chinese manufacturer ZTE, the fifth largest, for spying.

BEIJING, Nov 9 (Reuters) – China’s big state-owned
enterprises argued for continued expansion on Friday, echoing
outgoing President Hu Jintao’s comments urging more investment
in major government firms and curtailing hopes of reform in the
bloated sector.

Party delegates spent day two of the 18th Communist Party
Congress holding public debates on Hu’s speech at which they
read out bits that they particularly liked. Reuters reporters
heard no one disagreeing with what Hu said in a nearly
two-hour-long speech.

BEIJING, Nov 9 (Reuters) – Bosses of Chinese state-owned
enterprises argued for continued expansion on Friday, defending
themselves against charges that their firms are in urgent need
of reform with claims they are vital to national economic
security while still struggling with the legacy of the planned
economy.

Chinese reformers and Western governments have taken aim at
the state sector in recent years, claiming it gets the lion’s
share of preferential loans and policies. The calls for reform
had built up as factions manoeuvred ahead of a once-in-a-decade
leadership transition.

BEIJING (Reuters) – A private survey of China’s growing services sector slipped in October, with weaker-than-expected new orders injecting a note of caution after three previous PMI surveys for October showed the Chinese economy regaining momentum.

The HSBC Purchasing Managers Index for the services sector eased to 53.5 from September’s four-month high of 54.3, as higher costs and greater competition squeezed margins. The index remained above the 50-point level that indicates accelerating growth, reflecting the overall expansion in the services sector as the Chinese economy matures.

NEW YORK/BEIJING (Reuters) – Asia’s large economies started to pick up steam last month after a year of slower growth, surveys showed on Thursday, while U.S. manufacturing showed modest improvement.

The jury was out on whether the data signaled sustained improvement in the fragile global economy, although analysts said strength in the United States and China, the world’s two biggest economies, was essential to overall economic well-being.