China’s manufacturing activity expanded in November but at a slower pace than October, a survey from HSBC showed on Thursday.
The HSBC flash Purchasing Managers’ Index (PMI) fell to 50.4 from a seven-month high of 50.9 in October, staying above the key 50-mark which separates expansion from contraction.
Analysts say the slowdown comes as the economic boost from the mini stimulus earlier this year abates. In July, the government unveiled initiatives to support growth including cutting taxes for some small and micro-sized enterprises and measures to stabilize exports and speed up railway investment to bolster economic growth.
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