China’s Manufacturing Activity Exceeds Expectations in December

Chinese Manufacturing Activity Surpasses Expectations in December

Chinese manufacturing activity exceeded expectations in December, according to a private survey. The Caixin Purchasing Managers’ Index (PMI) reached 50.8, surpassing the forecasted reading of 50.4. This slight increase from the previous month’s reading of 50.7 indicates expansion in the sector for the second consecutive month. This positive development is attributed to steady growth in new orders, bolstered by improved local and overseas demand for Chinese goods.