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Surveys Show Steady Chinese Factory Growth In November


Chinese factory workers on the job

Those who think China’s best days are behind it with regards to manufacturing should think again. It remains as good a time as any for US companies to have goods manufactured in China.

China’s factory growth stabilised in November aided by firm demand, a pair of surveys showed, a sign of resilience in the world’s second-largest economy that augurs well for its plans for structural reforms.

The final HSBC/Markit Purchasing Managers’ Index (PMI) stood at 50.8 in November, a survey showed on Monday, down a touch from October’s 50.9 but up from a preliminary reading of 50.4.

The encouraging outcome echoes an upbeat showing from the official PMI, which clung to an 18-month high of 51.4 in November, ahead of market expectations.

(H/T Reuters)

(image via Business Insider)

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