China’s Official PMI of Manufacturing Industry Shows 51.8 in November

SHANGHAI, Nov.30 (SMM)－China’s Official PMI of manufacturing industry shows 51.8 in November, with expected 51.4 and previous 51.6.

China’s Official PMI of non-manufacturing industry shows 54.8 in November, with previous 54.3.

Zhao Qinghe, senior statistician of the State Statistics Bureau says, China’s manufacturing industry keeps a steady rise tendency. According to the result, PMI of ferrous metals smelting and calendaring as well as nonferrous metals smelting and calendaring industry maintain low and shrinkage range in this month, lower than same time last year. Zhao says, this shows some traditional industries have less expanding impetus, which needs faster pace to transfer and upgrade the enterprises.

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