Growth in China’s manufacturing sector slowed slightly in December but not by enough to reduce inflationary pressure in the country, according to a survey published by HSBC.
The bank’s monthly China Purchasing Managers’ Index dropped to a three-month low of 54.4 in the final month of the year, from 55.3 in November.
A number above 50 indicates expansion in manufacturing activity, while a number below 50 indicates a contraction.
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