
Chinese Factory Activity Remains Steady In December
China’s factory activity was in expansion territory for a second straight month in December amid a thaw in a trade war with the United States, official data showed Tuesday.
The closely watched Purchasing Managers’ Index (PMI), a key gauge of activity in the country’s factories, was at 50.2 in December, posting the same gain as the previous month, according to the National Bureau of Statistics (NBS).
The reading — slightly above the 50-point mark that separates growth and contraction every month — beat a forecast of 50.1 by analysts surveyed by Bloomberg News.
China’s manufacturing activity rebounded in November after …