The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) edged up to 51.8 in November from 51.7 in October. Photo: Bloomberg

China’s small factory activity expanded in November at fastest pace in nearly three years

  • Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 from 51.7 in October, suggesting further signs of stabilisation amid the US trade war
  • It is the fourth straight monthly rise and the fastest expansion since reaching 51.9 in December 2016, and it follows the stronger-than-expected official PMI data
Topic |   China economy

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The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) edged up to 51.8 in November from 51.7 in October. Photo: Bloomberg
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The US-China trade war has hit Chinese manufacturers hard in 2019. Photo: Xinhua

China’s manufacturing sees surprise gain in November but analysts warn economic downturn has yet to bottom out

  • Purchasing managers’ (PMI) index shows expansion in the sector for the first time in six months
  • Construction and services sectors continue their upwards momentum but analysts say trade war and debt will continue to weigh on the economy in the months ahead
Topic |   China economy

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The US-China trade war has hit Chinese manufacturers hard in 2019. Photo: Xinhua
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