A survey has found China's manufacturing slowed in December for a second month amid weak global demand.
The HSBC Purchasing Managers Index released Friday stood at 48.7 on a 100-point scale on which numbers below 50 indicate a contraction in activity. It said that showed a "modest deterioration in business conditions."
The survey said new export business fell during December, ending a two-month period of growth. It said companies reported a drop in foreign orders due to sluggish foreign demand.