In November this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 50.2, up 0.1 percentage point compared to the final reading for October, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, pointed out that the local demand rose slightly, while demand from overseas markets has been slack. Manufacturers are confident as regards the future prospects for the manufacturing industry, while tight liquidity has eased to some extent. Mr. Zhong also remarked that China’s economic performance was weak, but did not show significant signs of deterioration.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 50.0 percent in November, down 0.2 percentage points compared to the previous month.