China manufacturing holds steady in December, survey shows

Business

FILE – In this Aug. 14, 2019, file photo, a man works on a production line in a medical gloves factory in Suixi in central China’s Anhui province. An official survey of manufacturers shows that factory activity in China held steady in December. (Chinatopix via AP, File)

BEIJING (AP) — Factory activity held steady in December in the latest sign that China’s economy may be recovering from a protracted slowdown.

An official survey of manufacturers released Tuesday showed factory activity held steady in December, with the official purchasing managers index at 50.2 on a scale where 50 marks the break between expansion and contraction.

December’s reading matched November’s, which ended six previous months of contraction.

The National Statistics Bureau said Tuesday that new orders were at 51.2, down slightly from the month before. Out of 21 industries surveyed, 15 showed activity picking up, including food and beverages, textiles and apparel making, auto manufacturing, medical-related production and appliances.

China’s economy has been slowing due to both domestic and global factors, including a trade war with the U.S.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CBS47 On Your Side

Do you have a problem that you need help solving? Contact CBS47 and let us be On Your Side.

Phone: 559-761-0383
Email: OnYourSide@cbsfresno.com

Don’t Miss

Best of the Valley
Sunday Morning Matters
MedWatch Today
Hispanic Heritage
Bulldog Insider: The Podcast
The Valley's Armenia
Pros Who Know

Images from Armenia

Small patients in Armenia
Yerevan by night.
Dr. Jeff Thomas delivers.
Dr. Jeff Thomas delivers in Gyumri.
Doctors unpack medical supplies from The Central Valley.
Fresno Medical Mission at work.
Medical Supplies being unloaded.
Fresno Medical Mission at the ready.
KSEE24 crew witnesses the miracle of life in Gyumri, Armenia.
Life saving work of Central Valley surgeons in Armenia.
Ribbon cutting on new surgical center in Ashtarak Armenia. Fresno donors made this dream come true.
KSEE24 on assignment with the Fresno Medical Mission
Honorary Consulate to Armenia Berj Apkarian explains the crisis facing one hospital.
KSEE24's Stefani Booroojian and Kevin Mahan at the meeting with President Bako Sahakyan.
Medical Meeting in Artsakh.
The President of Artsakh meets with the Fresno Medical Mission.
Learning modern medicine techniques with the Fresno Medical Mission in surgery.
Leaning in for a look. Dr. Brien Tonkinson holds class and helps a patient in Armenia.
Fresno Medical Mission cares on one of the smallest patients in the region. Six-year old Yanna receives life-changing better breathing surgery.