China's Caixin Manufacturing PMI contracts to 49.9 in November, negative surprise

China's November Caixin manufacturing PMI came in at 49.9 vs. 50.5 expected and October’s 50.6, showing that the country’s manufacturing sector is back into contraction.

China's official manufacturing PMI on Tuesday expanded to 50.1 in November from 49.2 seen in October and against 49.6 expected, the National Bureau of Statistics (NBS) reported.

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