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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.
In October, Japan's exports rebounded, reversing from September’s steep dive because US-bound auto shipments rallied, although decelerating global demand along with the intensifying US-China trade conflict worsened the outlook for export-reliant Japan…
In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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