China’s official manufacturing purchasing managers’ index fell to 51.0 in December from 51.4 the previous month, according to data released Wednesday by the National Bureau of Statistics. A reading above 50 suggests expansion in factory activity. The new orders index dropped to 52 last month from 52.3 in November, while the index for new export orders fell 0.8 of a point to 49.8. The production index was 0.6 of a point lower at 53.9 while that for raw materials inventory edged down to 47.6 from 47.8, the data showed.
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