China’s Manufacturing Expansion Picks Up on Domestic Demand, Caixin PMI Shows

Activity in China’s manufacturing sector expanded in December for the second straight month, primarily driven by stronger domestic demand, a Caixin-sponsored survey showed Tuesday.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives an independent snapshot of the sector, edged up to 50.8 in December from 50.7 the previous month. A reading above 50 signals an expansion in activity, while a number below indicates a contraction.

China’s Manufacturing Sector Expands Further