China's industrial activity in November fell for the second month in a row, according to the latest official data, cited by Reuters and DPA.
The Industrial Purchasing Managers' Index (PMI) shrank to 49.4 from 49.5 in October. Forecasts were for 49.7 points. The index collects information from the monthly reports of manufacturing companies and is an important indicator of emerging trends.
For the second consecutive month, the index remains below 50 points, which is the limit separating the contraction from growth, BTA reported.
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China's economy is currently under pressure from weak global demand, real estate market problems and weak domestic consumption, although there are some signs of a recovery.
Economic growth for the third quarter was better than forecast and on an annual basis amounted to 4.9%. The Chinese government has set a target of 5 percent growth for the year.
"The domestic market cannot cope with the losses from Europe and the United States. The data shows that factories produce less and employ fewer people," said Dan Wang, chief economist at Hang Seng China Bank. "There is also an obvious loss of confidence in government policy."
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