December's Manufacturing PMI Indicates Slower Growth

In a recent report by S&P Global, the Caixin China General Manufacturing Purchasing Managers' Index (PMI) for December was recorded at 50.5, slightly above the neutral mark but showing a decrease from November's 51.5. This indicates a third consecutive month of improvement in China's manufacturing sector, albeit at a slower pace.

Insights from Caixin Insight Group

Dr. Wang Zhe, Senior Economist at Caixin Insight Group, commented on the findings: "December saw an expansion in supply and demand, with businesses increasing their stock purchases. However, external demand remained weak, the job market contracted notably, sales prices were under pressure, and market optimism waned."