China's factory activity grew at its fastest pace in over 3 years in November, official data showed on Monday, November 30, as the world's second largest economy continued its recovery from the coronavirus.
"This suggests that China's exports continue to benefit from strong foreign demand for Chinese-made goods beyond COVID-19 related products, although fresh lockdowns abroad might have boosted demand for shipments of the latter." Both subindexes fared well in industries relating to high-tech manufacturing such as pharmaceuticals, electrical machinery, and equipment, he added.
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