GPS News
TRADE WARS
China's factory activity extends months-long slump

China's factory activity extends months-long slump

by AFP Staff Writers
Beijing (AFP) Nov 30, 2025

China's factory activity shrank for an eighth straight month in November, official data showed Sunday, suggesting the world's second-largest economy remains subdued despite a trade truce with the United States.

The manufacturing Purchasing Managers' Index (PMI) -- a key measure of industrial health -- was 49.2 in November, according to the National Bureau of Statistics (NBS).

That marked an improvement from 49.0 recorded in October but remained below the 50 mark that separates expansion from contraction.

The reading missed a median forecast of 49.4 from a Bloomberg survey of economists.

The figure comes after Chinese leader Xi Jinping and US President Donald Trump met in South Korea in October and agreed on a temporary truce in their bruising trade war.

Trump said he would halve a 20-percent tariff on Chinese goods and Xi agreed to suspend certain export restrictions on the key rare-earth sector for one year.

China would also resume purchases of US soybeans after orders came to a halt this harvest season, according to Trump.

Meanwhile, the non-manufacturing PMI, which measures activity in sectors including services and construction, was 49.5 in November, marking the first contraction in nearly three years.

That was partly attributable the "fading holiday effect" after the end of China's "Golden Week" National Day holiday in October, NBS statistician Huo Lihui said in a statement.

Weakness in the real estate and residential services sectors also helped drag the figure down 0.6 percentage points from October.

Despite signs of weakness, the Chinese economy remains on course to hit its annual growth target of around 5 percent this year.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
Asian stocks extend global rally as data boost rate cut hopes
Hong Kong (AFP) Nov 26, 2025
Asia extended a global equities rally Wednesday after another round of tepid US data reinforced expectations that the Federal Reserve will cut interest rates again next month. A report that US President Donald Trump's top economic aide was the frontrunner to be the central bank's next boss added to the risk-on mood as investors rediscovered their mojo after a recent stutter. Bets that officials will lower borrowing costs at their December meeting have surged this week after a number of key membe ... read more

TRADE WARS
Beloved sheepskin-sack cheese Bosnia wants to protect

3,000 cattle stuck at sea for a month reach dry land in Libya

NGO links major chocolate brands to Liberia deforestation

Japan's eel delicacy faces global conservation pressure

TRADE WARS
Amazon unveils new AI chip in battle against Nvidia

Single-photon switch could enable photonic computing

Quantum hardware roadmap highlights scaling hurdles on path to everyday applications

Japan's Rapidus plans second cutting-edge chip plant: reports

TRADE WARS
NASA refines aircraft icing safety modeling with GlennICE software

Venezuela foreign airline ban slammed as 'disproportionate'

Indian warplane crashes at Dubai Airshow, killing pilot

NASA's X-59 soars on historic first flight, marks breakthrough for quiet supersonic travel

TRADE WARS
Trump scraps Biden's fuel-economy standards, sparking climate outcry

Electric vehicle prowess helps China's flying car sector take off

Volkswagen says it can now make cars entirely in China

Xiaomi says electric cars and AI now profitable

TRADE WARS
German president gets royal treatment on UK state visit

Markets mixed as traders struggle to hold Fed cut rally

China's factory activity extends months-long slump

Macron urges China to push for peace, rebalance trade

TRADE WARS
In blow to Lula, Brazil Congress revives controversial environmental bill

Restoration potential on urban fringes identified in Brazil

First saplings from felled UK tree to be planted; EU states back new delay to anti-deforestation rules

Amazon research reveals centuries of human activity shape todays rainforest ecosystem

TRADE WARS
Hyperspectral Microwave Sounder Set for Launch Following Final Testing Phase

NASA, Aerospace Corporation Study Sharpens Focus on Ammonia Emissions

Copernicus Sentinel-6B enters operational phase as EUMETSAT takes command

NASA, NOAA Rank 2025 Ozone Hole as 5th Smallest Since 1992

TRADE WARS
Bright emission from hidden quantum states demonstrated in nanotechnology breakthrough

Novel technique reveals true behavior of next-generation MXenes

Unique phase of water revealed in nanoscale confinement

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.