China’s economy continued to show signs of stabilization in November with two separate manufacturing surveys on Thursday pointing to better-than-expected growth.
The official manufacturing Purchasing Managers’ Index (PMI), which measures large state-owned factories, came in at 51.7 in November–matching the previous high in July 2014 and the highest since the 53.3 hit in April 2012.
The official PMI was an improvement from 51.2 in October and beat Reuters analyst predictions of a 51.0 reading.
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