china manufacturing

China’s manufacturing sector staged a surprise recovery in November.
The official manufacturing Purchasing Managers Index (PMI) returned a reading of 50.2, up from 49.3 in October, and its highest score since March.
The Caixin/IHS Markit manufacturing PMI reading was 51.8, signaling the sector’s fastest rate of expansion since December 2016.
The rally comes after President Donald Trump said last month that the US had reached a “very substantial phase-one deal” with China in their talks to end the trade war.
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China’s manufacturing sector staged a surprise recovery in November, according to both state and private surveys.

The official manufacturing Purchasing Managers Index (PMI) returned a reading of 50.2, up from 49.3 in October, and its highest score since March. A reading above 50 indicates a sector is expanding, while one below 50 suggests it’s contracting.See the rest of the story at Business Insider

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