The Caixin China General Manufacturing PMI for November was reported at 49.9, a decrease from the previous reading of 50.6. This figure places the index just below the 50.0 threshold that separates expansion from contraction, signaling a slight cooling in the manufacturing sector of the world's second-largest economy. Market observers, including analysts from Deutsche Bank, noted the release as a key indicator of global economic health. The dip below the neutral mark suggests that manufacturing activity has contracted slightly, reversing the expansion seen in the previous month. This data point is closely watched as it often reflects the performance of smaller, export-oriented private firms in China. [Update 1] Additional reporting confirms the PMI drop to 49.9, emphasizing the shift from expansion (50.6) to contraction. The data continues to indicate cooling economic momentum.