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Growth: What China’s latest economic data shows

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Published: December 2nd, 2024,
Last updated: December 14th, 2024

Zwei Arbeiter montieren Teile bei einem Laderhersteller in Qingzhou City, Provinz Shandong

The Chinese economy has recorded slight growth for the second month in a row. The official Purchasing Managers’ Index (PMI) rose from 50.1 points in October to 50.3 points in November. This is according to data from the National Bureau of Statistics. The index remained just above the 50-point mark, which signals growth. The barometer was also higher than it had been for seven months. The data suggests that the government’s economic stimulus measures are beginning to take effect. Positive signals also came from China’s service providers. The purchasing managers’ index also rose slightly here.

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