China's manufacturing activity accelerates in November

BEIJING, Nov. 22 (Xinhua) -- China's manufacturing activity turned much more robust in November as a key non-official index jumped to 13-month high, indicating the Chinese economy is gaining momentum in the month.

The HSBC Flash China Manufacturing Purchasing Managers' Index (PMI) bounced back to expansionary territory for the first time in 13 months to stand at 50.4 in November, according to figures released by HSBC on Thursday.

The HSBC preliminary reading in November improved from October's final index of 49.5.

The manufacturing output index also shot up to a 13-month high of 51.3, compared with 48.2 in October. A reading above 50 suggests expansion, while a reading below 50 indicates contraction.

Sub-indexes on new orders, new export orders, stock of purchase and quantity of purchase in the manufacturing sector all increased in November, while the sub-reading on backlog of work and stockpiles shrank.

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