China's manufacturing grew at a faster pace for the fourth consecutive month in November, indicating that the economy can withstand higher interest rates as price pressures increase.
The purchasing managers index rose to 55.2 from 54.7 in October, the China Federation of Logistics on its website today. That was more than the 54.8 median estimate of 14 economists surveyed by us. A PMI published by HSBC Holdings Plc jumped also.
Today's reports showed that increasing input prices, strengthening the case that the central bank to boost borrowing costs again after that behind counterparts in Malaysia to South Korea. The concern that monetary tightening will hinder corporate profit growth driven by 8 percent selloff in the benchmark stock index in China in the last month.
"The risk of a sharp...