Tuesday, July 5, 2022

Chinese PMI climbs 50.2 points in November


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

Chinese Industries surprisingly grew again in November for the first time in seven months. The PMI, published by the Statistics Office on Saturday, climbed to 50.2 points.

This is the highest value since March. From 50 points, growth is signaled. Analysts had expected 49.5 points, after the index had reported 49.3 points in October.

The increase was attributed to brisk domestic demand. However, the growth threshold was barely exceeded. The trade dispute with the United States continues to weigh on Chinese exports.

Read also: How to invest money in China

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