China's factory activity likely sustained strong expansion in Dec

Profits at China's industrial firms grew robustly in November for a seventh month of gains, supported by strong industrial production and sales.

BEIJING: China's factory activity likely maintained a solid pace of expansion in December, a Reuters poll showed on Tuesday, as the world's second-largest economy steadily recovers from the coronavirus crisis.

The official manufacturing Purchasing Manager's Index (PMI) is expected to edge down to 52.0 in December from November's 52.1, according to the median forecast of 27 economists polled by Reuters. A reading above 50 indicates an expansion in activity on a monthly basis.