Trade deal, holiday season boost China's Dec factory output

Published Thu, Jan 2, 2020 · 09:50 PM

    Beijing

    CHINA'S two sets of indices measuring manufacturing sentiment expanded in December on the back of increased demand over the holiday season and just as a "Phase One" deal is about to be inked which is expected to put a hold on further duties on Chinese imports into the United States.

    The official purchasing managers' index (PMI), published on Monday by the National Bureau of Statistics, expanded for a second straight month to 50.2 in December, unchanged from November, while a private version of the survey compiled by Markit and Caixin came in at 51.5, compared to 51.8 in November.