Invesco's Asia-Pacific (excluding Japan) global market strategist Zhao Yaoting stated that China's November Purchasing Managers' Index (PMI) data has improved overall and reached a 7-month high, indicating that the growth momentum of the world's second-largest economy continues to improve. The data shows that government fiscal stimulus measures and strong manufacturing export performance are supporting economic growth, and should continue to be a key driver of next year's economic growth.

The breakdown of new order data is performing well, possibly due to manufacturers increasing order production before potential Trump tariffs next year. It is also worth noting that output prices have declined slightly but remain above the average level of the past few months, indicating that price pressures may be easing.

Overall, the official composite PMI has risen to a 6-month high, indicating that economic growth in the fourth quarter is expected to continue accelerating and boost the full-year data.