China November factory surge suddenly picks up notwithstanding pollution crackdown

China November factory surge suddenly picks up notwithstanding pollution crackdown

In November, surge in China's manufacturing sector suddenly gained notwithstanding a crackdown on air pollution as well as a cooling property market, which have been widely anticipated  to put pressure on the world's number two economy.

The positive data is expected to help to relive worries that Beijing's campaign to curb excessive risk in the financial sector and also its punishing war on smog could provoke a steeper-than-expected slowdown in the Chinese economy.

Published on Thursday the official Purchasing Managers' Index PMI hit 51.8 in November versus October’s outcome of 51.6.

Financial experts polled by Reuters had hoped it would show 51.4, diving for a second straight month after September's more than five-year maximum.

Powered by hefty government infrastructure financing, a resilient property market as well as unexpected strength in exports, the country’s manufacturing and industrial firms have appeared to be a key driver behind China’s forecast-beating surge of almost 6.9% so far this year.


What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

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FED and BOE Make Another Attempt to Beat Inflation
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The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

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