Chinese manufacturing growth slows slightly

8:05 PM, Dec 15, 2013   |    comments
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HONG KONG (AP) - A survey shows that Chinese manufacturing continued to expand slightly in December though growth was a bit slower than the previous month.

It's the latest sign that the world's second-biggest economy is undergoing a shaky recovery.

The preliminary version of HSBC's purchasing managers' index released Monday slipped to 50.5 from 50.8 in November.

The index uses a 100-point scale on which numbers below 50 indicate a contraction.

The survey is based on 85-90 percent of responses from 420 manufacturing companies in mainland China.

China's economic growth fell to a two-decade low of 7.5 percent in the three months ending in June before rebounding in the latest quarter.

HSBC economist Qu Hongbin said that "the recovering trend of the manufacturing sector starting from July still holds up."

(Copyright 2013 by The Associated Press. All Rights Reserved)

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