DCSIMG

China manufacturing output slows in December

Workers in a Chinese factory complete statues of Mao Zedong. Picture: AP

Workers in a Chinese factory complete statues of Mao Zedong. Picture: AP

GROWTH in China’s factories slowed slightly last month as export orders and output weakened, official data out yesterday showed.

The new figures add weight to views that, while the world’s second-largest economy remains resilient, it lost some steam in late 2013.

The official purchasing managers’ index, which was published by the National Bureau of Statistics, dipped to 51 in December from 51.4 in November, compared with economists’ expectations for a reading of 51.2.

 

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