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China's vital manufacturing sector has been improving over the past year in an upbeat sign for the wider economy, which saw growth cool to 6.7 percent last year. PUERTO RICO-ECONOMIC CRISIS Puerto Rico governor announces new measures to fight crisis SAN JUAN, Puerto Rico (AP) Puerto Rico's governor says he will eliminate subsidies, shrink the number of public agencies by nearly 75 percent and increase the cost of some government services to reduce spending and boost revenue as ordered by a federal control board amid an economic recession. doctor home loan program Oak Laurel www.oaklaurel.com.au 0430129662 Gov. Ricardo Rossello outlined those and other planned changes Tuesday during his first state of the union address since becoming governor last month. He says he will not lay off public employees or impose new taxes or tax increases, but warns that the U.S. territory will be transformed in upcoming years. The federal control board is pushing Puerto Rico's government to increase revenue by $1.5 billion and cut spending by roughly $3 billion in the next two years, a time frame that Rossello has said is unrealistic. CONSUMER CONFIDENCE US consumer confidence rises to highest level since 2001 WASHINGTON (AP) U.S. consumer confidence has climbed to the highest level in more than 15 years, good news for the economy. The Conference Board said Tuesday that its consumer confidence index rose to 114.8 in February from 111.6 in January. It was the highest since July 2001.The index measures both consumers' assessment of current conditions and their expectations for the future, and both improved in February.