After six months of depression, China's official manufacturing purchasing manager index (PMI) reached 50.2% in November, with a month-on-month increase of 0.9%, which was above the critical point (50%) representing industry prosperity and depression.

Data from the National Bureau of Statistics show that the operating activities of large, medium and small manufacturing companies all recovered to varying degrees in November. Among them:

The PMI of large enterprises was 50.9%, with a month-on-month increase of 1%;

The PMI of medium enterprises was 49.5%, with a month-on-month increase of 0.5%;

The PMI of small enterprises was 49.4%, with a month-on-month increase of 1.5%;

From the group index of business activity, the rebound data in November was mainly driven by production volumes and new order indexes. Among them, the production index significantly increased by 1.8% to 52.6%, while the new order index, which represented the strength of domestic demand activity, also increased significantly by 1.7% to 51.3%. Automobiles and infrastructure industries have contributed significantly.

The new export order index, which measures the prosperity of external demand, is still below 50%, but benefiting from the rebound of the Markit manufacturing PMI index in the United States, the Euro area, and Germany, which has rebounded from 47.0% in October to 48.8% now. Zhao Qinghe, a senior statistician at the Service Industry Survey Center of the National Bureau of Statistics, said that the rebound in the index of new export orders was related to the increase in overseas orders at Christmas.