China's December factory activity growth misses expectations as experts decry insufficient stimulus [MSNBC.com]
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Source: MSNBC.com
China's factory activity growth in December missed analysts' expectations Tuesday, signaling that Beijing's stimulus measures were not sufficient to meaningfully boost the country's ailing economy.The country's official purchasing managers' index for DecemberNational Bureau of Statistics datashowed A PMI reading above 50 indicates expansion in activity, while a figure below that points to contraction.Production and new orders for sectors including agricultural and sideline food processing, general equipment and food and beverages rose, the National Bureau of Statistics said.China's non-manufacturing PMI, which measures activity in the services and construction industries, rose to 52.2 in December, compared to 50.0 the month before.Out of the 21 industries surveyed, 17 logged higher activity than the month before, including aviation, transportation and telecommunications. The construction industry also returned to expansion, lifted by upcoming Spring Festival holidays."I think one of t
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