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<Research>M Stanley: Moderate Recovery View Kept as Quarter-end Factors Drive CN Mfg PMI Beat in Dec
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China's manufacturing PMI rose from 49.2 in November 2025 to 50.1 in December, exceeding the expectations of Morgan Stanley/ the market of 49.4/ 49.2 respectively, Morgan Stanley noted. The broker maintained the view that overall manufacturing activity in China is on a moderate recovery trend under government policies, and believed that the strong data is influenced by quarter-end production push, robust exports and infrastructure policy transmission. At the corporate level, some industry participants are seeing capital expenditure sentiment improving heading into 2026, Morgan Stanley added. AASTOCKS Financial News Website: www.aastocks.com |
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