China December factory surge accelerates to four-month maximum

China December factory surge accelerates to four-month maximum

In December, surge in China's manufacturing sector suddenly accelerated to a four-month maximum because factories cranked up output just to meet a soar in new orders, as a private business poll disclosed on Tuesday.

The reading revealed shocking resilience in the world's number two economy at the end of 2017, although it turned to be at odds with a much larger official poll on Sunday, pointing to a moderate loss of momentum.

The Caixin/Markit Manufacturing Purchasing Manager's Index rallied to 51.5 the previous month versus November’s reading of 50.8, thus far outpacing economists' hopes for a moderate ascend to 50.6.

The 50-mark traditionally divides contraction from expansion on a monthly basis.

Market experts have hoped for some softening in China's manufacturing activity because a cooling property market, a punishing crackdown on air pollution as well as higher borrowing costs all start weighing on the world's number two economy.


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