In December 2025, China's NBS Composite PMI Output Index rose to 50.7 from 49.7 in November, reaching its highest level since June. This increase indicates that manufacturing activity is stabilizing as the year concludes, following eight straight months of decline. Meanwhile, the service sector has expanded at its quickest rate in four months. This growth is driven by ongoing measures from Beijing aimed at boosting domestic demand through targeted fiscal spending, consumption support initiatives, and accommodating policy frameworks.