China manufacturing activity slows in December | Inquirer Business

China manufacturing activity slows in December

/ 11:12 AM December 31, 2017

This picture taken on April 11, 2015, shows a worker at a steel mill in Tangshan, China’s Hebei province. AFP FILE

BEIJING, China — China’s manufacturing activity edged down in December, official data showed Sunday, but largely maintained momentum despite increased curbs on heavy industry aimed at taming the country’s chronic air pollution.

The manufacturing purchasing managers’ index (PMI), a gauge of factory conditions, stood at 51.6 in December, the National Bureau of Statistics (NBS) said, compared to 51.8 in November.


Anything above 50 is considered growth while a figure below that number points to contraction. The number was in line with the expectations of analysts surveyed by Bloomberg News.

China has curbed activity in heavy industries in the country’s northeast in an effort to reduce surplus capacity and the heavy smog that typically blankets the region during the late autumn and winter months.


In the face of public discontent over chronic pollution, the world’s second largest economy has signalled that it is willing to tolerate a slowdown in economic growth in exchange for an improved environment.

But the move to cut back on heavily polluting industries like steel has so far not had a major impact on the country’s manufacturing sector.

“2017 has been a year of stabilisation for the Chinese economy, after a recovery in 2016,” Bloomberg News quoted Chen Long, an economist at Gavekal Dragonomics, as saying.

The annual average PMI reading for 2017 was 51.6, the NBS said. /cbb

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, China, December, manufacturing, PMI
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2022 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.