China’s manufacturing sector is humming with momentum as factory activity expanded for the second straight month in November! 💪 The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 — up 0.2 points from October — and stayed above the growth threshold (50+) for the third consecutive month.
Key drivers like new orders, production forecasts, and raw material purchases hit a seven-month high, signaling renewed confidence among businesses. 📊 Economist Zhang Liqun noted this reflects a clear recovery from earlier economic slumps, with recent government policies boosting optimism 🚀.
While the non-manufacturing PMI dipped slightly to 50.0, the overall economy remains steady, thanks to stable consumer demand and accelerating innovation in tech and green industries 🌱. Analysts say China’s growth engine is revving up, with brighter prospects ahead in 2024!
