Bloomberg
Published Nov 29, 2020 08:34PM ET
Updated Nov 29, 2020 09:00PM ET
China’s Factory Index Surges to 3-Year High on Strong Demand
(Bloomberg) -- An official gauge of activity in China’s manufacturing sector rose faster that expected in November, suggesting the economy’s recovery is gathering pace toward the end of the year.
Key Insights
What Bloomberg Economics Says
“Looking ahead, the strength is expected to extend into year-end and into the start of the new year. A stronger economy would allow the People’s Bank of China to begin a transition back to a neutral monetary policy stance -- though a move away from a pro-growth stance is likely to a gradual and long process.”
-- Chang Shu, chief Asia economist
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(Updates with comments from economists.)
©2020 Bloomberg L.P.
Written By: Bloomberg
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