The
China Federation of Logistics and Purchasing (CLFP) has announced
China's purchasing managers index (PMI) for November of the current year.
In the given month,
China's PMI declined by 1.4 to 49 points, falling below 50 for the first time since March 2009. The figure implies that overall economic growth in
China will continue to fall.
The CLFP also indicated that in November
China's new orders index plummeted to 47.8, 2.7 points lower than in the previous month.