China’s Factory Activity Picks Up, Private Survey Shows
- Caixin poll contrasts with official data showing contraction
- Data comes as Xi acknowledges headwinds in annual address
This article is for subscribers only.
A private gauge of China’s factory activity gained momentum in December, contrasting with official data that suggested the outlook for the nation’s manufacturers remains fragile.
The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November, the strongest reading since August and above the estimate in a Bloomberg survey of economists. A reading above 50 indicates expansion and anything below that points to contraction.