China Dec manufacturing exercise expands for third month

BEIJING (Reuters) – China’s manufacturing exercise expanded for a 3rd straight month in December however at a slower tempo, an official manufacturing unit survey confirmed on Tuesday, suggesting a blitz of contemporary stimulus helps to help the world’s second-largest financial system.

The official buying managers’ index (PMI) was 50.1 in December versus 50.3 in November, above the 50-mark separating development from contraction however lacking a median forecast of fifty.3 in a Reuters ballot.