China’s factory activity unexpectedly grew in December after eight months of decline, with the PMI rising to 50.1 from 49.2 in November. The production sub-index jumped to 51.7, and new orders climbed to 50.8, suggesting a short-lived upturn. Domestic demand remains depressed, with industrial profits falling 13.1% in November. Policymakers aim to boost income and stimulate consumption amid challenges. President Xi Jinping emphasizes the need for consumption as the driver of economic growth. Authorities vow to address overcapacity and strengthen anti-involution efforts to rebalance the economy.

Read more at Yahoo Finance: China’s factory activity snaps record slump on festive stockpiling