Economics
China Manufacturing Grows at Slower Pace, PMI Shows
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China’s manufacturing growth slowed for the first time in five months in December as the government tightened monetary policy and chased energy-efficiency and pollution targets, a survey indicated.
A purchasing managers’ index released today by HSBC Holdings Plc and Markit Economics fell to 54.4 from 55.3 in November. The data are seasonally adjusted and a reading above 50 indicates an expansion.