China's manufacturing activity slowed to a three-month low in December, a survey from HSBC showed Monday, raising questions about the growth trajectory for the world's second largest economy.
The HSBC flash purchasing managers' index (PMI) fell to 50.5 for the month, compared to 50.8 in November. Sub-indexes tracking new orders and new export orders increased at a faster rate, while employment and stocks of purchases decreased at a faster rate.
Still, the figure has remained above the 50 mark, which demarcates expansion from contraction, for five months now, which explains why most analysts CNBC spoke to remain sanguine about the data.
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