Tuesday, January 03, 2017

Iron Piling Up In China Is Not A Sign Of A Stabilizing Economy

China's expanding manufacturing activity points to stabilizing economy

BEIJING - China's manufacturing activity expanded for a fifth month in December, pointing to a stabilizing Chinese economy. 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…