China’s factory activity continued to lose momentum in November, two surveys showed on Monday, underscoring the challenges manufacturers face amid a cooling economy and prompting talk of further aggressive intervention from authorities.
The official Purchasing Managers’ Index (PMI) fell to an eight-month low of 50.3, missing a forecast in a Reuters poll for a 50.6 and down from the 50.8 reading in October.
The HSBC final PMI reading for November, meanwhile, was unchanged from an initial six-month low reading of 50.0, which is right at the breakeven level that separates expansion from contraction.
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