China’s Manufacturing Activity Slows in December

The pace of growth for Chinese manufacturer’s slowed last month, a good sign that the country’s efforts to tame inflation may be working. Chinese Premier Wen Jiabao said Sunday that he would increase efforts to keep consumer inflation in check this year, according to Reuters. Inflation in China hit a 28-month high in November. Jiabao’s comments came a day after the China Federation of Logistics and Purchasing said its purchasing managers index fell to 53.9 in December, the first time in five months that the measure had fallen, according to the BBC. – MW

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