BEIJING (Reuters) – China’s manufacturing exercise expanded for a 3rd straight month in December however at a slower tempo, an official manufacturing unit survey confirmed on Tuesday, suggesting a blitz of recent stimulus helps to assist the world’s second-largest economic system.
The official buying managers’ index (PMI) was 50.1 in December versus 50.3 in November, above the 50-mark separating progress from contraction however lacking a median forecast of fifty.3 in a Reuters ballot.
