You are here

China's November manufacturing sector continues upward trend

But there's a gap between state-backed firms and smaller ones; inflationary pressures are building up

BT_20161202_VMCHINA2_2625547.jpg
The official PMI, which is geared towards state-owned firms, stood at 51.7 for November, expanding at its fastest in over two years. A private PMI survey among smaller, private firms was also expansionary.

Beijing

CHINA'S manufacturing sector continued to perform well in November on the back of a pickup in overseas and domestic demand.

However, the figures show discrepancies between large state-backed firms and smaller ones, and that inflationary pressures are already building up.