China Factory Activity Rebounds in November, Slow Growth Pace Remains

A worker produces carpets that will be exported at a factory in China's eastern Shandong Province on Oct. 20, 2021. STR/AFP via Getty Images

China’s factory activity picked up in November after two months of contraction, yet still the third lowest in about 20 months, despite the ease of mass power rationing and raw material price surges.

China’s manufacturing purchasing managers’ index (PMI) for November was 50.1, up from 49.2 in October—the first time it exceeded the 50 mark since September, data from the National Bureau of Statistics (NBS) show on Nov. 30.