Caixin Think Tank senior economist Wang Zhe said that in November, the expansion of the manufacturing sector accelerated, while the growth of the service sector slowed down. The manufacturing industry dragged down overall employment, with price levels stable. Service sector price levels were slightly lower. Optimistic expectations for both the manufacturing and service sectors markets have rebounded. Since the end of September, a series of inventory and incremental policies have been implemented in synergy and have continued to show results, with the economy picking up speed in November. However, the current downward economic pressure remains significant, with continued low employment. The effects of policy stimulus have not yet been fully transmitted to the labor market, and confidence in business expansion and production increase needs to be strengthened. The short-term bottoming out characteristics of the current economy are evident but need further consolidation, and the sustainability and effectiveness of incremental policy effects need to be closely monitored. In the future, structural and cyclical pressures within the economy will coexist, while external uncertainties may continue to accumulate, requiring sufficient preparation at the policy level. (Caixin)