Chinese manufacturing continues to expand in November (3)

To buoy the slowing economy, the Chinese government has rolled out an array of measures this year, including two cuts to benchmark interest rates, the easing of bank reserve requirements and the approval of infrastructure projects worth more than one trillion yuan (157.73 billion U.S. dollars).

The final reading of a privately compiled survey by HSBC also suggested further economic recovery. The HSBC Flash China PMI bounced back to expansionary territory for the first time in 13 months to stand at 50.4 in November.

"The November flash reading by HSBC of manufacturing PMI confirms again that the economic recovery continues to gain momentum toward the year end," said Hongbin Qu, chief economist for HSBC China.

HSBC's preliminary reading on manufacturing was based on data the bank collected from 85 to 90 percent of the 420 manufacturing companies it surveyed from Nov. 12 to 20, and it will publish its final November data on Dec. 3.

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