China Factory Activity Shrinks For First Time In 7 Months, Stimulus Expected - Asia Rising TVAsia Rising TV
China Factory Activity Shrinks For First Time In 7 Months, Stimulus Expected

China Factory Activity Shrinks For First Time In 7 Months, Stimulus Expected

(Reuters) – Activity in China’s factory sector contracted in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, fueling expectations that more stimulus will be needed to avert a sharper economic slowdown. The flash HSBC/Markit manufacturing purchasing managers’ index (PMI) fell to 49.5 in December from…

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