China manufacturing picks up but activity still shrinking: data
World BusinessJan 1, 2016
A gauge of Chinese factory activity ticked up slightly in December but continued to indicate contraction for a fifth straight month, official data showed Friday, underlining weakness in the world's second-largest economy. China is a key driver of global growth and investors closely watch the Purchasing Managers' Index -- which tracks activity in the factories and workshops sector -- as a barometer of the country's economic health. The mild improvement follows a string of stimulus measures