China’s Manufacturing Activity Grows for Second Consecutive Month

November's PMI reaches 50.3, signaling modest expansion as government stimulus boosts economic recovery.

China's official manufacturing PMI rose to 50.3 in November, up from 50.1 in October, marking the second month of expansion after a prolonged slump.
The increase reflects the impact of fiscal and monetary policies introduced since September to stabilize the economy and boost business confidence.
Despite the recovery, challenges persist with insufficient demand, falling industrial profits, and ongoing contraction in new export orders for the seventh consecutive month.
Upcoming U.S. tariffs under President-elect Donald Trump, including a proposed 10% levy on Chinese goods, pose significant risks to China's industrial sector in 2025.
China's broader economic outlook remains uncertain, with policymakers expected to outline further stimulus measures during the December central economic working conference.