China faces a pivotal moment as its factory activity contracts to a six-month low. The official manufacturing purchasing managers index slipped to 49, below economists' expectations. This downturn, mirroring June's reading, raises concerns about the nation's economic trajectory.

Despite this, non-manufacturing activity witnessed a modest uptick to 50.4, driven by the construction sector's expansion amid intensified government-led infrastructure investment. However, services activity lags, maintaining a contractionary stance at 49.3.

A reading above 50 implies expansion, while below signifies contraction. December's figures underscore weaknesses in China's economic recovery, prompting heightened pressure on fiscal and monetary policymakers to take decisive action. (Brrrrrrrrrrrrr)

https://www.bloomberg.com/news/articles/2023-12-31/china-factory-activity-contracts-more-than-expected-in-december

econ

China faces a pivotal moment as its factory activity contracts to a six-month low. The official manufacturing purchasing managers index slipped to 49, below economists' expectations. This downturn, mirroring June's reading, raises concerns about the nation's economic trajectory.

Despite this, non-manufacturing activity witnessed a modest uptick to 50.4, driven by the construction sector's expansion amid intensified government-led infrastructure investment. However, services activity lags, maintaining a contractionary stance at 49.3.

A reading above 50 implies expansion, while below signifies contraction. December's figures underscore weaknesses in China's economic recovery, prompting heightened pressure on fiscal and monetary policymakers to take decisive action. (Brrrrrrrrrrrrr)

Source: https://www.bloomberg.com/news/articles/2023-12-31/china-factory-activity-contracts-more-than-expected-in-december
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