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A number of Chinese manufacturers said that as of November, output has continued to grow for eight months, the growth is still strong, and slightly accelerated from last month. The respondents who increased the output generally said that the increase was due to the increase in workload and the increase was considerable. New orders in November increased for the eighth consecutive month. Some of the respondents said that the emergence of new products and favorable market conditions led to an increase in sales volume, while stronger demand was the factor that supported the growth of new business more commonly mentioned by manufacturers.
Data show that China's manufacturing export sales continued to rise in November, the highest since March 2005. Vendors generally said that the increase in new export business was due to stronger external demand. According to November data, the employment scale of China's manufacturing industry continued to expand for the sixth consecutive month, and the expansion rate ranked second in the history of this survey. However, in view of the fierce competition pressure, manufacturers cannot completely transfer the burden of rising costs to customers, so the increase in the ex-factory price of products is much lower than the overall cost increase. Even so, the increase in ex-factory prices this month is still relatively obvious, much higher than the historical average.
According to a recent HSBC China survey, the operating conditions of China's manufacturing industry have seen the most significant growth since the first survey data was collected in April 2004.