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The positive PMI readings often correlate with increased economic activity, potentially benefiting Chinese equities, including FXI. The last significant expansion in PMIs led to positive trends in FXI, highlighting investor confidence and capital inflow.
What happened, with direct paths to the underlying reporting
China's manufacturing activity expanded for the first time since March. December PMI is 50.1, higher than November's 49.2 and forecasts. Composite PMI climbed to 50.7, indicating broader economic improvement. Non-manufacturing PMI rose to 50.2, suggesting growth in services and construction.
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