China’s manufacturing slows in Dec

China’s manufacturing activity continued its expansion in December for a third consecutive month, although at a slower pace, according to an official factory survey released on Tuesday.

The official purchasing managers’ index (PMI) stood at 50.1 in December, down from 50.3 in November, remaining above the 50-mark that separates growth from contraction. However, the result fell short of the median forecast of 50.3 in a Reuters poll. The data suggests that ongoing stimulus measures are supporting the world’s second-largest economy.

Attribution: Reuters

Subediting: Y.Yasser