China's factory activity contracted in November as renewed COVID-19 outbreaks disrupted output and subdued demand, a business survey showed on Thursday.
Profits at China's major industrial firms shrank at a faster pace in the first nine months, highlighting the need for further implementation of existing stimulus measures and stronger policy support to shore up growth, experts said.
China s credit expansion is expected to remain healthy in the fourth quarter after rebounding stronger than expected last month, setting the stage for a steady economic recovery, experts said on Wednesday.
Profits at China's industrial companies fell in the first seven months of this year as the country grapples with pandemic-related disruptions, high temperatures and insufficient domestic demand.
China will likely keep its monetary policy stable and on target in the second half as consumer inflation is expected to rise mildly within a reasonable range in the rest of the year, experts said.