China February factory growth beats expectations as global demand improves

March 1, 2017 By Elias Glenn and Yawen Chen BEIJING (Reuters) – China’s factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism. Growth in both output and orders accelerated last month, according to official and private factory surveys on Wednesday, giving the government more room to focus on tackling financial risks to the economy as debt continues to rise. “This is the 7th consecutive…

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