China manufacturing activity grows for third straight month

China's manufacturing activity expanded for the third month in a row in December, with the PMI reaching 50.1. This growth comes amid efforts to combat a property market crisis, weak consumption, and high government debt. However, experts believe more fiscal stimulus is necessary for full economic recovery. The non-manufacturing PMI also showed improvement, rising to 52.2.

Dec 31, 2024 - 09:00
China manufacturing activity grows for third straight month

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China's manufacturing activity expanded for the third month in a row in December, with the PMI reaching 50.1. This growth comes amid efforts to combat a property market crisis, weak consumption, and high government debt. However, experts believe more fiscal stimulus is necessary for full economic recovery. The non-manufacturing PMI also showed improvement, rising to 52.2.
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