China's factory activity expands at fastest pace in nine years, weak exports and employment weigh

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China’s factory activity expanded at the fastest pace since January 2011 in July, as the economic recovery gained momentum, showed a private survey on Monday, but pressure remains amid weak overseas demand and employment.

The Caixin/Markit manufacturing purchasing managers’ index (PMI) rose to 52.8 in July, improving from 51.2 in June, beating analysts expectations. The 50-point mark separates contraction from growth.

The Caixin index has improved for three consecutive months, with China continuing to contrast sharply with the US and Europe, both of which reported last week record contractions in . . .

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