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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.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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