China PMIs Show More Signs Of Tentative Stabilization As Factory Activity Expands For Second Month

It'll work. That's what market participants are likely to say about the latest PMI data out of China. The official manufacturing gauge printed 50.2 for December, unchanged from November and a tick better than consensus. The range of forecasts from two-dozen economists was 49 to 50.5. Importantly, this marks two straight months back in expansion territory and comes hot on the heels of data showing industrial profits rebounded sharply in November after plunging the most on record the previous

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