Chinese manufacturing continues to expand in November (2)

The PMI rebounded to 49.8 percent in September, ending four straight months of decline. The index fell below the boom-bust line in August for the first time since November 2011.x The November PMI data added to other signs of a revival in the world's second-largest economy.

Profits at companies with annual revenues of more than 20 million yuan (3.18 million U.S. dollars) surged 20.5 percent in October from one year earlier, compared with September's 7.8-percent rise, according to figures from the National Bureau of Statistics.

Customs data showed the country's exports in October posted a monthly growth of 11.6 percent, their strongest since May this year, and imports climbed 2.4 percent year on year in October, reversing a negative growth in August.

The Chinese economy will maintain the modest recovery that started in the fourth quarter, predicted UBS economist Tao Wang.

Her comment was echoed by Liu Yuanchun, professor with the Institute of Economic Research at the Renmin University of China. Liu believes the country's economic growth will pick up thanks to booming domestic consumption and increasing infrastructure investment.

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