Growth Policies Needed Quickly After PMI Fall - Herald

China's government needs to quickly implement policies to support growth following the fall in November’s PMI to 48 from 49.2 in October, according to 21st Century Business Herald. Experts told the newspaper that falling demand and weaker confidence was placing downward pressure on the economy. To boost growth the government needed to control the pandemic using high precision methods, increase infrastructure investment, stabilise the real estate sector, and guide banks to support weak parts of the economy. The paper cites Wu Chaoming, vice president of the Financial Information Research Institute, as saying the ongoing pandemic and real-estate slowdown will depress the December PMI.