Caixin’s Manufacturing Indicator Dips to 50.9 in November

(Beijing) — China’s manufacturing activity continued to expand in November, albeit at a slightly softened pace, signaling economic growth stabilization is not firm yet, the Caixin General Manufacturing Purchasing Managers’ Index (PMI) showed Thursday.

The Caixin manufacturing PMI touched 50.9, down from the 27-month high of 51.2 in October. But it still marked the fifth-straight month of expansion.