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CHINA PRESS: China PMI Above 50 But Demand Remains Insufficient

CHINA PRESS
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China’s manufacturing PMI reached 50.3 points in November, up 0.2 percentage points m/m, driven mainly by the new order index hitting 50.8, up 0.8 pp m/m, according to Wang Qing, chief macro analyst at Orient Securities. However, Zhang Liqun, special analyst at the China Federation of Logistics and Purchasing, noted the PMI price indices all declined, indicating oversupply remained an issue. Officials need to strengthen incremental policies especially on public investment to stimulate corporate orders and overall demand. (Source: 21st Century Herald)

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China’s manufacturing PMI reached 50.3 points in November, up 0.2 percentage points m/m, driven mainly by the new order index hitting 50.8, up 0.8 pp m/m, according to Wang Qing, chief macro analyst at Orient Securities. However, Zhang Liqun, special analyst at the China Federation of Logistics and Purchasing, noted the PMI price indices all declined, indicating oversupply remained an issue. Officials need to strengthen incremental policies especially on public investment to stimulate corporate orders and overall demand. (Source: 21st Century Herald)