China manufacturing activity expands in Dec but lags forecasts- PMI
Investing.com-- China’s manufacturing sector expanded in December but at a slower-than-expected pace, marking its third straight month of expansion as a raft of fresh stimulus measures continue to provide support, purchasing managers index data showed on Tuesday.was at 50.1 in December, data from the National Bureau of Statistics showed. The reading was below the 50.3 seen in the prior month, and compares with the 50.3 average forecast.
Most major indexes that constitute the manufacturing PMI were above the critical point, the survey statement said, adding that the production activities of manufacturing enterprises maintained a rapid expansion. U.S. President-elect Donald Trump has threatened to impose steep import tariffs against the country when he takes office on January 20- a scenario that could herald more economic pressure.
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