China's factory activity expands at fastest pace in over 3 yrs


China electric vehicles battery plant - Bloomberg

The official manufacturing Purchasing Manager's Index (PMI) rose to 52.1 in November from 51.4 in October, data from the National Bureau of Statistics showed on Monday. It was the highest PMI reading since September 2017 and remained above the 50-point mark that separates growth from contraction on a monthly basis.

Analysts had expected it to climb slightly to 51.5.

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