Business activity in China’s manufacturing sector increased in November

According to a survey conducted by Reuters, in November, increased business activity in the manufacturing sector in China. The corresponding index reached 51.5 points, having risen from the October value of 51.4 points.

The country continues to recover from the crisis caused by the Coronavirus Pandemic. According to the estimates of Japanese financial holding company Nomura, the recovery process of the Chinese economy is developing as planned, which will ensure the growth of Chinese GDP in October-December by 5.7% compared to the same period in 2019.

As for the economic growth by 4.9% in the third quarter, the economic recovery will accelerate. At the same time, China’s economy will show the weakest growth of 2% in more than 10 years at the end of 2020, which experts expect to be much better than other countries with an increase in COVID-19 cases.

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