The purchasing managers' index (PMI) for China's non-manufacturing sector dropped from the 56.4 it posted in November to 55.7 in December according to the National Bureau of Statistics (NBS). It has remained above 50 for 10 consecutive months.
A reading below 50 reflects contraction.
The service sector experienced a slower recovery, with the sub-index for business activities standing down to 54.8 in December from 55.7 in November.
The construction industry experienced robust growth with its sub-index for business activities increasing from 60.5 in November to 60.7 in December.
Meanwhile, the sub-indexes for business activities of telecommunications and satellite transmission, civil aviation, and financial services, remained above 60.
China has reduced taxes and fees and provided firms with low-cost loans to help them tide over difficulties brought by the pandemic.


China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny 



