China's November PMIs slip further, jobs under stress

Beijing

CHINA's manufacturing sector weakened further in November, two surveys showed adding pressure on the government to implement more stimulus measures after the central bank cut benchmark rates for the first time in two years.

China's official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics fell to an eight-month low of 50.8 while the private HSBC/Markit PMI shrank to 50, the limit before contraction territory.

"The decline in the PMI was broad-based, led by output and new or…