China’s factory activity growth in December fell short of analysts’ expectations, with the official purchasing managers’ index coming in at 50.1, missing Reuters’ forecast of 50.3. Non-manufacturing PMI rose to 52.2 in December, but recent economic data indicates ongoing challenges such as disinflation, tepid consumer demand, and a downturn in the property market, prompting China to implement fiscal stimulus measures to support economic growth in the face of potential trade challenges under the new U.S. administration.
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