Chinese factory activity accelerated in December, according to independent data released Tuesday, a positive indicator for the world's second-largest economy to kick off the new year.
The Caixin Purchasing Managers Index (PMI) -- an indicator of conditions at small manufacturers -- rose to 51.5 in December, up from 50.8 in November and the highest reading since August.
The official PMIRead more
Profits of China's major industrial firms rose 3.7% year on year in May, 0.5 percentage points lower than that recorded in April, official data showed on Monday.
The National Bureau of Statistics said that the profits of industrial companies with annual revenues of more than 20 million yuan (about 3.1 million US dollars) totaled 537 billion yuan last month, accordingRead more