Factory activity in China unexpectedly returned to growth in November for the fi...
BEIJING - Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
With China’s economic growth cooling to near 30-year lows and industrial profits shrinking, speculation is mounting that Beijing needs to roll out stimulus more quickly and more aggressively, even if it risks adding to a pile of debt. That indicates domestic consumption firmed up after Beijing repeatedly urged local governments to kick stimulus up a gear to meet economic goals before year-end.
The next U.S. tariff deadline is Dec. 15, when it is scheduled to slap a 15% levy on about $156 billion of Chinese products.
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