In December last year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.5, up 0.7 points compared to the final reading for November, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, said that the Chinese manufacturing industry indicated an improved performance in December, while due to its tightening monetary policy China’s economy in 2018 will likely face downward pressure on its growth.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.6 percent in December, down 0.2 percentage points compared to the previous month.