China's December factory activity contracted more than expected
The official purchasing managers' index (PMI) fell to 49.0 in December from 49.4 the previous month, below the 50-mark separating growth from contraction and weaker than a median forecast of 49.5 in a Reuters poll.
![China's December factory activity contracted more than expected](https://cdn.zeebiz.com/sites/default/files/2023/12/31/274674-screenshot-2023-12-31-084451.png?im=FitAndFill=(1200,900))
The government has in recent months unveiled a raft of measures to shore up China's feeble post-pandemic economic recovery. (Image credit: Reuters)