China’s December factory activity moderates, higher costs hit firms

BEIJING: Activity in China’s factory sector rose in December as the world’s second-largest economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday (Jan 4), however, increasing cost pressures slowed the pace of expansion. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 53.0 from November’s 54.9, with the gauge staying well […]

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