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China’s manufacturing PMI on the verge of contraction

China’s official manufacturing Purchasing Managers' Index (PMI) dropped to 50 in November, the dividing line between expansion and contraction, the lowest level since July 2016, according to the data released by the National Bureau of Statistics on Friday.

That's compared to 50.2 expected by the market and 50.2 in the previous month.

Small and medium-sized enterprise remained in the contraction zone, with PMI coming in at 49.1 and 49.2 respectively, while large-sized companies managed to stage an expansion, but at a much slower pace, with PMI hitting 50.6 in November, compared . . .

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