中国：当前三件事_ Three things in China

Three quick highlights from China: n Official PMIs show weak November activity: In the November official NBS PMIs, both the manufacturing and non-manufacturing indices missed expectations. Although the manufacturing and construction PMIs rose from October—manufacturing PMI from 49.0 to 49.2 and construction PMI from 49.1 to 49.6—the services PMI fell from 50.2 to 49.5. November marks only the second time on record that all three official NBS PMIs were below 50, with the previous occurrence in January 2020 w ...