Manufacturers saw incoming new orders rise at its fastest pace in more than three years, signaling that stimulus efforts have already seeped into the economy.
China's manufacturing activity continued to expand among smaller manufacturers in November, according to a private survey released Monday.
China's manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country's recent stimulus efforts have already helped to lift certain sectors of its ailing economy, according to aThe Caixin/S&P Global manufacturing purchasing manager's index came in at 51.5, beating the median estimate of 50.5 in a Reuters poll.
The Caixin survey tends to feature more small- and medium-sized firms as well as private sector companies, compared to the official PMI survey which typically polls large and state-owned firms."The uptick is an early sign of stabilization in China's manufacturing sector supported by the hope of stimulus," said Gary Ng, senior economist at Natixis.
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