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.
Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.