Manufacturing in China has continued to grow for the third month in December, according to the latest Purchasing Manager’s Index.
The National Bureau of Statistics, along with the China Federation of Logistics and Purchasing released the figure today. It came in at 50.6. A rating above 50 indicates manufacturing has expanded, rather than contracted.
December is the third month the index tipped above 50. Still, some have warned against getting too optimistic. An economist from the China Federation of Logistics and Purchasing said the momentum of China’s economic recovery remains quite weak.
The PMI is based on several indicators, including inventory levels, production and new orders.
China’s export-heavy economy has suffered under the global downturn. Regulators have had to focus on boosting domestic consumption in a bid to prop up the slowing economy.
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