BEIJING: China's factory activity contracted at a faster pace in November, an official survey showed on Wednesday, weighed down by COVID-19 curbs and softening global demand, underscoring the increasing pressure faced by the world's second-largest economy.
The official manufacturing purchasing managers' index (PMI) stood at 48.0 against 49.2 in October, the lowest reading in seven months, according to data from the National Bureau of Statistics (NBS). Economists in a Reuters poll had expected the PMI to come in at 49.0.
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