BEIJING: China’s manufacturing activity grew in November for the second month in a row, official data showed on Saturday, in a further sign of strength in the world’s second-biggest economy after a marked slowdown.
The indications of upward momentum were reinforced by a separate survey by British banking giant HSBC that showed growth for the first time in 13 months.
China’s purchasing managers’ index (PMI) reached 50.6 last month, up from 50.2 in October and 49.8 in September and the highest since hitting 53.3 in April, figures from the National Bureau of Statistics showed.
The PMI is a widely watched barometer of the health of China’s economy, and a reading above 50 indicates expansion while anything below points to contraction.
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