HSBC: Strong growth in China's private economy in November

China News agency Shanghai, December 3 (Xinhua) HSBC today released its November Chinese composite output index of 57.4, up from 56.9 last month.　　HSBC said it showed further strong growth in China's private sector output.　　HSBC China's November operating activity index rose to 57.1, indicating a strong growth trend in China's services business. HSBC analyzed the new volume of services received in China in November, which has continued to grow for 12 months. There has also been a notable increase in new orders for manufacturing in China.　　In both cases, China's new business continued to grow considerably in November.　　China's service sector has been expanding for the tenth consecutive month, while manufacturing jobs have slowed since October but remain the second-largest record, according to the data.　　The overall cost of investment in China's services has risen in November after a slight drop last month, with a marked acceleration in the price of inputs from manufacturing.　　Prices for services in China rose for the fifth consecutive month in November, with manufacturers also significantly increasing the prices of their products, and the overall output price recorded its biggest increase in three months. Commenting on the figures, Qu Hongbin, HSBC's China chief economist, said that China's services sector as a whole is robust and continues to create new jobs, and believes the second-round impact of China's stimulus measures will continue to play a role in the future. Finish)