Based on Bpaynews, China's export-oriented manufacturing sector contracted in November, with the RatingDog Manufacturing PMI falling to 49.9 from 50.6 in October. The decline, the first in four months, reflects weaker domestic demand and stalled production, despite a rise in export orders at the fastest pace in eight months. The data has raised concerns over Asia's growth outlook, with the Australian and New Zealand dollars, China-linked equities, and industrial metals facing potential downside risks. Traders are now closely watching upcoming PMI readings, trade data, and policy responses to assess whether the slowdown is temporary or more persistent.
China's Export PMI Falls Below 50, Signaling Contraction and Pressuring Asian Markets
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