China’s Manufacturing Contraction Deepens in November, Prompting Calls for Additional Policy Support to Bolster Economic Growth, According to Official Factory Survey.
Economic Challenges Drive CallsThe official purchasing managers’ index (PMI) fell to 49.4 in November from 49.5 in October, staying below the 50-point level demarcating contraction from expansion. Analysts polled by Reuters had expected a reading of 49.7.
China’s economy has struggled this year to mount a strong post-pandemic...
https://mfame.guru/chinas-factory-activity-faces-prolonged-declines/