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Key Chinese economic indicator retains positive direction amid Trump tariff threat
The manufacturing purchasing managers’ index rose to 50.3 in November, keeping China’s economy in positive territory
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Factory activity in China maintained its positive direction in November, reflecting the impact of Beijing’s stimulus policies as it seeks to hit its growth target for the year.
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The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners – rose to 50.3 in November compared with October’s reading of 50.1, the National Bureau of Statistics said on Saturday.
The index had contracted for five straight months before October.
A reading above 50 shows an expansion of economic activity, while a reading below 50 means contraction.
Beijing has set a growth target for the year of around 5 per cent and has announced a series of measures in recent months to help reach that goal.
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However, there may still be challenges ahead.
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