A Chinese manufacturing gauge exceeded analysts’ estimates (CPMINDX) in November, indicating the nation’s economic recovery is sustaining momentum amid government efforts to rein in credit growth. The Purchasing Managers’ Index was 51.4, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today in Beijing. That’s the same reading as October and was higher than 24 out of 26 estimates in a Bloomberg News survey that had a median forecast of 51.1. Stability in manufacturing growth in the world’s second-biggest economy may give Premier Li Keqiang more room to implement policy changes ... (full story)