China’S Factories Develop At Fastest Pace In Over 5 Years As Charges Surge

It marked the 14th straight month of expansion for China’s massive manufacturing industry and the highest reading since April 2012.
China’s manufacturing activity grew at the fastest pace since 2012 in September as factories cranked up output to take advantage of strong demand and high prices, easing worries of a slowdown before a key political meeting next month.
But cost pressures from high raw materials prices and continued underperformance of smaller firms mean some manufacturers are still struggling.
China’s manufacturers are reporting their best profits in years, fuelled by government-led infrastructure spending, a strong housing market, higher factory-gate prices and a recovery in exports.
Production, total new orders and output prices all improved to the highest level in at least a year, while a pick-up in a reading for the construction sector indicated a building boom is undiminished.

Read more on: http://www.cnbc.com