Chinese PMI index show unexpected growth


Chinese industrial production increased surprisingly somewhat in November. The purchasing managers index (PMI) of the statistical office rose to 50.2 points. This value is the highest since March and above fifty points means growth.

In October this index stood at 49.3. The rise to a ‘growth value’ is, according to observers, attributed to rising domestic demand. The trade war with the US remains a millstone for Chinese industry that is strongly focused on export. The two powers are trying to complete a provisional trade deal. President Trump has threatened with additional charges on Chinese products from December 15.

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