"China's Manufacturing Downturn Deepens with PMI Slump in December"
TL;DR Summary
China's manufacturing Purchasing Managers' Index (PMI) fell to 49 in December, indicating a contraction in the sector. Despite this, the non-manufacturing PMI showed slight expansion. The decline in manufacturing PMI is attributed to off-season production and insufficient demand. However, with the implementation of policies aimed at boosting domestic demand and deepening supply-side structural reforms, there is optimism for economic recovery. The National Development and Reform Commission (NDRC) is focusing on leveraging China's large market to improve domestic demand and integrate it with supply-side reforms.
Topics:business##chinaeconomy#domesticdemand#economicpolicy#economy#manufacturingpmi#supplysidereforms
- China’s manufacturing PMI drops to 49 in Dec; policies expected to boost demand Global Times
- China Factory Activity Posts Worst Contraction in Six Months Bloomberg
- China’s manufacturing contraction worsens in December as demand weakens The Hill
- China's manufacturing PMI falls for third month in a row South China Morning Post
- Activity in Chinese factories shrinks in December - Chinadaily.com.cn China Daily
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