China manufacturing activity expands for the first time since March, beating expectations – CNBC
China’s official manufacturing activity returned to expansion in December, marking the first month above the 50 threshold since March. Official data released on Wednesday show the manufacturing PMI rose to 50.1, beating Reuters’ forecast of 49.2 and improving from November’s 49.2. The broader composite PMI climbed to 50.7, while the non-manufacturing index moved to 50.2, … Read more