Economics
Chinese Manufacturing Gauges Drop as Xi Deals With Risk
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Chinese manufacturing indexes fell in December, underscoring challenges for President Xi Jinping as he tries to sustain growth in the world’s second-largest economy while rolling out reforms.
A Purchasing Managers’ Index from HSBC Holdings Plc and Markit Economics fell to 50.5 from 50.8 the previous month, according to a statement today, and a separate gauge compiled by the statistics bureau and logistics federation released yesterday declined to 51 from 51.4. Measures of manufacturing in the U.S. and Europe will be released later today.