币界网报道：China's manufacturing sector contracted for the third consecutive month in November 2023, with the official Purchasing Managers' Index (PMI) dropping to 49.4 from 49.5 in October, remaining below the 50-point threshold that separates expansion from contraction. The data reflects ongoing challenges in domestic and global demand, compounded by persistent trade uncertainties. New export orders continued to shrink, signaling weak external demand, while employment conditions worsened. Analysts note that despite recent stimulus measures, the sector continues to face headwinds from sluggish property markets and cautious consumer spending. The non-manufacturing PMI also declined slightly to 50.2, indicating slower growth in services and construction. Policymakers may need additional measures to stabilize economic recovery