China’s manufacturing PMI rises to above 50% in Nov’21

China’s manufacturing Purchasing Managers Index (PMI) for Nov’21 stood at 50.1%, an increase of 0.9 percentage points from Oct, as per National Bureau of Statistics (NBS) data. The index returned to above the prosperity line of 50%, indicating that China’s economy has begun the return to full recovery. The decline in the price index in Nov indicates that the structural supply and demand gap is shrinking.