CHINA'S FACTORY ACTIVITY Ishrank in December to the lowest level in six months, fuelling expectations the government may have to act soon to add impetus to the economy.
The official manufacturing purchasing managers index (PMI) declined to 49, the National Bureau of Statistics (NBS) said in a statement on Sunday. That was weaker than the median forecast of 49.6 by economists in a Bloomberg survey, and matched the reading seen in June.
A gauge of non-manufacturing activity rose to 50.4 from 50.2 in November, boosted by expansion in the construction sector as government-led infrastructure investment accelerated in recent months. Services activity, however, remained in contraction with an underlying measure staying at 49.3.
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Murdoch ally helps Ambani build media empire in India
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