BEIJING : China's factory activity contracted at a faster pace in November, an official survey showed on Wednesday, weighed down by softening global demand and COVID-19 restrictions, underscoring the added pressure faced by the world's second-largest economy.
The official manufacturing purchasing managers' index stood at 48.0 against a 49.2 reading in October, the National Bureau of Statistics said. Economists in a Reuters poll had expected the PMI to come in at 49.0.
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