Reported 2 days ago
China's manufacturing sector demonstrated significant growth in November, reaching its highest level in five months, driven by increasing new orders from both domestic and international sources. The Caixin/S&P Global manufacturing PMI rose to 51.5, surpassing forecasts and indicating a positive shift in production and manufacturers' confidence. Despite ongoing challenges such as backlogged work and cautious hiring practices, firms are optimistic about future economic conditions, although rising input costs continue to impact profits.
Source: YAHOO