Weaker role of manufacturing is 'positive sign for economy'

Finance Minister Lou Jiwei has dismissed concerns that recent data showing a weakening manufacturing sector indicate a possible deep slide in the country's economic growth, saying a strengthening service sector points to a "reasonable restoration".

Responding to worries of a hard landing for China at a time of fragile global recovery, the outspoken minister said over the weekend that the past rapid expansion of China's manufacturing industry was "unsustainable".