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China's manufacturing activity expands for 5th month

Xinhua, January 1, 2017 Adjust font size:

China's manufacturing activity expanded for a fifth month in December.

The manufacturing Purchasing Managers' Index (PMI) came in at 51.4 in December, lower than 51.7 in November and staying above the 50-point boom-bust line for the fifth straight month, the National Bureau of Statistics (NBS) said in a statement.

This is the second highest monthly reading this year.

The sub-index for production registered at 53.3, low than 53.9 in November.

The sub-index for new orders stayed at the same level as the previous month, the highest point this year. Endi