China's Nov manufacturing activity seen expanding for second month: Reuters poll
BEIJING - China's factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is finally trickling through and giving producers in the world's No.2 economy a much needed boost.
U.S. President-elect Donald Trump said on Monday he would impose a 10% tariff on Chinese goods so that Beijing does more to stop the trafficking of Chinese-made chemicals used in the production of fentanyl. The mood in China's manufacturing sector has been depressed for months due to tumbling producer prices and dwindling orders. But last month's official factory managers' survey and the forecast for this month suggests the stimulus announcements are improving sentiment.
Chinese policy advisers are recommending that Beijing should maintain that same growth target next year and introduce even more stimulus to bolster domestic demand.Retail sales, a gauge of consumption, grew the most since February last month, and a slump in property sales narrowed, possibly indicating that the beleaguered sector was limping back to life.
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