According to a widely released index of manufacturing sector, the country's manufacturing has risen moderately so far in the month of December.

HSBC Corp's China Purchasing Managers' Index for December has risen to 50.9 from November's 50.5 amid indications that the world's second largest economy is seeing some signs of recovery. It is believed that the country's leading economic policy makers will meet soon and set the targets for the coming and this will indicate the new government's expectations of growth in the world's second largest economy in 2013.

Analysts say that industrial output and retail sales figures released earlier were higher than analyst expectations and had indicated that a strong recovery in under way. China recorded an increase of 2.9 percent in exports during the month of November, which is much lower than analyst expected. Exports had grown 11.6 percent in October and 9.9 percent in September.

Experts say that the growth is mainly due to moderate increase in demand for exports and the effect of stimulus efforts from the Chinese government. The data released by the Customs Department on Monday showed that the exports from the country grew 2.9 percent.