The latest data follows a rise in fixed asset investment, industrial production and retail sales in October.
In response to the news back in September that overall economic growth had fallen to a three-year low the Chinese authorities have since introduced numerous measures in a bid to revive growth. This has included the lowering of interest rates and the move by the central bank to cut the amount of money that financial institutions need to keep in reserve to try and boost lending.
The measures have had a positive impact, and there have been recent signs of a pick-up in China's economy. “The expansion in manufacturing confirms that the economic recovery continues to gain momentum towards the year-end, “said Qu Hongbin, chief China economist at HSBC.
