Core Insights - China's manufacturing activity has expanded for the first time since March, surpassing expectations according to official data released [1][2] Manufacturing Sector - The official manufacturing purchasing managers index (PMI) registered at 50.1 in December, exceeding the forecast of 49.2 by economists and showing an increase from 49.2 in November, indicating expansion [2] - The composite PMI rose to 50.7 from 49.7 in November, suggesting broader improvement across the economy [2] Non-Manufacturing Sector - China's non-manufacturing PMI, which includes services and construction, increased to 50.2 from 49.5 in November, indicating growth in these sectors [2]