A Reuters poll of 28 economists predicts that China's Manufacturing Purchasing Managers' Index (PMI) for December will remain at 50.3, matching the November figure. This indicates that manufacturing activity will continue to expand for the third consecutive month, providing a glimmer of hope for China's economy.
Despite facing challenges such as a slowing global economy and tensions in the US-China trade relationship, the Chinese government is taking steps to support the struggling property market, hoping to boost domestic demand and consumer confidence. Analysts believe that stabilizing the housing sector is crucial to driving household consumption and improving factory owners' market sentiment. Additionally, the Caixin Private Economics PMI is expected to reach 51.7 and will be released later this week.
However, with the risk of a trade war escalation and the Trump administration's threat to impose higher tariffs on Chinese goods, China's economic recovery in 2025 is likely to remain challenging.