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China factory activity surprisingly expands in November - Caixin PMI
China's factory activity unexpectedly expanded in November, driven by rising orders, a private survey showed on Friday, but sluggish external demand continues to weigh on manufacturers. The Caixin/S&P Global manufacturing PMI rose to 50.7 in November from a 49.5 reading in October, marking the fastest expansion in three months and surpassing analysts' forecasts of 49.8. The 50-point mark separates growth from contraction. The manufacturing sector is struggling to recover with the official purchasing managers' index (PMI) falling for the second month on Thursday, despite China's better-than-expected economic ... (full story)