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China’s manufacturing activity expanded in December, a private survey shows
A private survey released on Thursday showed China’s manufacturing activity expanded in the month of December, but missed analysts’ expectations. The Markit/Caixin Purchasing Managers’ Index (PMI) for manufacturing came in at 51.5 in December — analysts polled by Reuters had expected the private manufacturing PMI to come in at 51.7 in the last month of the year. The Caixin PMI was at 51.8 in November. PMI readings above 50 indicate expansion, while those below that level signal contraction. IHS Markit and Caixin said in a press release that domestic demand expanded in December, but the pace of expansion was ... (full story)