Manufacturers saw incoming new orders rise at its fastest pace in more than three years, signaling that stimulus efforts have already seeped into the economy.

A private gauge of China’s manufacturing activity signaled that the sprawling sector continued to expand in November, as Beijing’s efforts to revive growth help stabilize the economy.

China's factory activity expanded at the fastest pace in five months in November as new orders, including those from abroad, led to a solid rise in production, pushing manufacturers' optimism degree to an eight-month high,

VCG. The Caixin China General Manufacturing Purchasing Managers' Index (PMI) reached 51.5 in November, up 1.2 points from the previous month, marking the second straight

The Caixin/S&P Global Manufacturing Purchasing Manager’s Index (PMI) hit 51.5, significantly surpassing forecasts of 50.5 in a Reuters poll.

The expansion of China's manufacturing sector accelerated midway through the final quarter of the year. Higher new work inflows, including from abroad, led to a solid rise in production. Purchasing activity and inventory levels also rose as confidence about the year ahead grew.

The private survey signals that the country’s recent stimulus efforts have already helped to lift certain sectors of China’s ailing economy.

China's official NBS Manufacturing PMI rose to 50.3 in November 2024 from 50.1 in October, aligning with market consensus and marking the highest reading since April, marking the second straight month of increase in factory activity following a series of support measures from Beijing since late September.