China manufacturing improves as power shortages ease
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BEIJING (AP) — A survey shows China’s manufacturing activity rebounded in November as orders improved and power shortages eased. An industry group and the national statistics agency said a monthly purchasing managers’ index rose to 50.1 from October’s 49.2 on a 100-point scale. The index spent the previous two months below 50, which shows activity decreasing. A measure of production rose 3.6 points to 52, indicating activity was recovering from power rationing imposed in major manufacturing areas in September to meet official energy efficiency targets.