The mood in Chinese industrial companies remains poor. As the statistics bureau in Beijing announced on Thursday, the purchasing managers’ index (PMI) for the manufacturing industry fell from 49.5 to 49.4 points in November compared to the previous month.
After a recovery, the key leading economic indicator remained below the critical level of 50 points for the second month in a row, above which a decline in industrial activity can be expected.
The Chinese economy is suffering from currently weak global demand, a struggling real estate market and continued weak domestic consumption.
Recently, however, there have been signs of recovery. Economic growth in the third quarter was better than analysts expected, with an increase of 4.9 percent compared to the previous year. The Chinese government has set a growth target of five percent for this year. (sda/dpa)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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