China’s central bank said it won’t resort to “competitive” quantitative easing, even if interest rates in other major economies approach zero
Updated Dec. 2, 2019 12:30 am ETBEIJING—After months of slowdown, China’s economy showed signs of stabilizing, while Beijing said it won’t compete with other nations in easing policy.
Surveys of manufacturers point to improving confidence and demand last month. The private Caixin manufacturing purchasing managers index rose to 51.8 in November from 51.7 in October, Caixin Media Co. and research firm Markit said Monday. China’s official manufacturing PMI, released Saturday, rose to 50.2 from 49.3.
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