China Dec manufacturing fastest in 4 years – survey

BEIJING: China’s manufacturing activity expanded at its quickest pace in nearly four years in December, an independent research firm said on Tuesday, in a sign of improving health for the world’s second-largest economy.

The private Caixin Purchasing Managers’ Index (PMI), an indicator of conditions at smaller manufacturers, beat expectations with a reading of 51.9 in December, up from 50.9 the previous month.