PMI falls to lowest level since Aug
By Chen Jia in Beijing and Yu Ran in Shanghai | China Daily | Updated: 2014-01-02 08:09
Weakening growth blamed on caution, moderate demand
The December manufacturing Purchasing Managers' Index retreated to 51 from 51.4 in November, the lowest level since August, indicating weaker economic growth momentum amid moderate external demand and entrepreneurs' cautious expectations.
The National Bureau of Statistics and China Federation of Logistics and Purchasing jointly released the December manufacturing PMI on Wednesday.
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