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Published 3 months ago

China factory activity contracts in November for 2nd straight month despite stimulus measures

  • China's manufacturing activity contracted for a second straight month in November and at a quicker pace, with the official manufacturing purchasing managers' index falling to 49.4 from 49.5 in October.
  • China's economy has struggled to recover post-pandemic, prompting analysts to warn of potential stagnation.
  • China's central bank governor is confident in healthy future growth but urges structural reforms to reduce dependency on infrastructure and property.
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