Weaker global demand for China’s exports due to a slowing global economy continues to drag down China’s manufacturing totals. In November, China’s manufacturing fell to a 32-month low of 49 on the Purchasing Manager’s Index.
“The November PMI dropped further to below the boom-bust line of 50… indicates that the economic growth pace would continue to moderate in the future,” said Zhang Liqun, a researcher with the Development Research Centre of the State Council.
Source: BBC News
