November Purchasing Manager Index Rising economy continues to develop steadily and rapidly

According to the voice of China's national news broadcast, China's Logistics and Procurement Federation released today (1st), November, China's manufacturing purchasing managers index of 55.2%, up 0.5% from last month, showing that China's economy continues to show steady and rapid development momentum.　　The concrete manifestation is: the demand is basically stable, the production continues to rise, the export is steady slightly rises, the import tends to descend. Analysis that the current rapid price increase momentum is expected to gradually ease. First of all, in terms of supply and demand fundamentals, China's manufacturing overcapacity has become normal, industrial product supply is loose. In the last two months, the stock index of finished goods is on the rise. Second, from a policy perspective, the country is taking a variety of policy measures in the face of rising inflation expectations. There are already signs that monetary policy may be back to sound.