China’s economy stabilises

Incorrect forecast: A file picture showing employees working on the production line of a television factory in Shenzhen. Economists had forecast a slight decline in the PMI reading after a strong rise in November. — Reuters

BEIJING: China’s manufacturing sector continued to expand output in December, adding to evidence that the world’s second-largest economy is stabilising as the signing of a phase one trade deal with the US nears.

The manufacturing purchasing managers’ index remained at 50.2, according to data released by the National Bureau of Statistics yesterday.