FX.co ★ China Manufacturing Unexpectedly Contracts

In November 2025, the RatingDog China General Manufacturing PMI surprisingly fell to 49.9 from October's 50.6, falling short of the market expectation of 50.5. This marks the first contraction in factory activity since July, though the decline was slight. The dip occurred as domestic new orders nearly came to a standstill, even with a fresh increase in international orders.