🇨🇳 China Manufacturing Rebounds — December PMI Back Above 50 🚀
Factory Activity Returns to Growth After 8-Month Slump
🔑 Key Market Takeaways (Binance Sequence)
1️⃣ PMI Back in Expansion
China’s Manufacturing PMI rose to 50.1 in December
November: 49.2
Above the 50 level = growth, ending 8 straight months of contraction
2️⃣ Big Surprise vs Expectations
Market forecast: 49.2
Actual: 50.1
Signals economic resilience despite weak global demand
3️⃣ New Orders Picking Up
New Orders Index: 50.8 (from 49.2)
Export Orders: 49.0 (from 47.6)
Shows improving domestic + external demand
4️⃣ Services & Construction Stabilizing
Non-Manufacturing PMI: 50.2
Returned to expansion after first contraction in nearly 3 years
5️⃣ Policy Angle
No major new stimulus added yet
Government targeting ~5% GDP growth
Leadership pledged to boost income & consumption, but execution remains key
6️⃣ Caution Signal ⚠️
Industrial profits fell 13.1% YoY in November
Profit pressure still a risk for sustained recovery
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📊 Why This Matters for Markets
Stronger China data → Positive for commodities, Asian equities & risk assets
Supports risk-on sentiment if momentum continues into Q1
Weak profits mean policy support may still be needed
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🧠 Market Outlook
Short-term optimism 📈
Medium-term depends on real consumption recovery & policy follow-through
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