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The
official purchasing managers' index (PMI) likely was at 49.5 in
December from last month's 49.4, according to the median
forecast of 24 economists in a poll conducted 22-28 December.
The 50-point mark separates growth from contraction.
The world's second-biggest economy has staggered following a
feeble post-pandemic recovery, held back by a property crisis,
local government debt risks and slow global growth.
The government has in recent months unveiled a series of
measures to prop up growth.
Only three of 24 economists expected an expansion of factory
activity in December, with the highest forecast reading of 50.5,
showed the poll.
New bank lending in China jumped less than expected in November,
even as the central bank keeps policy accommodative to lift
confidence and spur the recovery.
Ratings agency Moody's in December slapped a downgrade warning
on China's credit rating as property pressures mount.
China will strive to expand domestic demand, ensure a speedy
economic recovery and promote stable growth, according to an
interim report on the country's 14th five-year plan published by
parliament on Wednesday.
The official PMI will be released on Sunday. The private Caixin
factory survey will be issued on Tuesday, and analysts expect
its reading to slowed to 50.4 from an unexpected expansion
reading of 50.7 in November.
(Reporting by Liangping Gao and Ryan Woo; Polling by Milounee
Purohit and Anant Chandak in Bengaluru and Jing Wang in
Shanghai; Editing by Lincoln Feast.)
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