Chinese sentiment up slightly in December

The prior reading was the lowest in series history so the bounce isn't that impressive.

China's largest firms continued to grapple with lower demand and an uncertain business environment. Companies did not expect to see a significant improvement in early 2016 either, MNI reports.

In 2015, the survey averaged 52.2 compared to 53.9 in 2014 and 58.1 in 2013.

From the release:

"Real activity measures in the survey continued to decline, losing further ground from the sharp rise in August with both New Orders and Production now sitting below their long-run averages. Monetary policy loosening has had a material impact on Production and New Orders in 2015, although the tendency for the indicators to fall back shortly after any rate cuts suggests that more is required to meaningfully revive demand."