China is expected to be the only major economy to record positive growth this year.
BEIJING: China’s factory activity grew at its fastest pace in over three years in November, official data showed Monday, as the world’s second-largest economy continued its recovery from the coronavirus.
The Purchasing Managers’ Index (PMI), a key gauge of manufacturing activity in China, has largely rebounded following strict measures to curb the virus early in the year, coming in at 52.1 this month.
This was higher than October’s reading of 51.4, and remains above the 50-point mark separating growth from contraction.
The latest figures also bring the PMI data back to levels seen in September 2017.
Analysts said improvement in both domestic and external demand boosted manufacturing activity.
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