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China Factory Activity Returns to Growth After 6-Months of Decline

Professor of Financial Economics and Part-time Value Investor, Transfin.
Dec 3, 2019 6:13 AM 2 min read

Huawei to fight back against latest FCC restrictions. China factory activity unexpectedly returns to growth after 6-months of decline.



Huawei to fight back against latest FCC restrictions.

Resist and Revolt: Chinese telecommunications giant Huawei has reportedly decided to fight a Federal Communications Commission (FCC) order approved last week that further curtails its business with some of its few remaining customers in the US.


The FCC last week approved an order that would ban carriers receiving Universal Service Fund subsidies from using that money to buy equipment from companies considered "a national security threat" - referring to Chinese companies Huawei and ZTE. Huawei slammed this action as "unlawful" in a statement released last week, and is preparing a lawsuit that would challenge the decision - part of a broad recent effort by Huawei of more forcefully challenging attempts by the US to restrict its business. Engadget

China factory activity returns to growth after 6-months of decline.

Back in the Race: Factory activity in China rather unexpectedly returned to growth in November after 6 months of slump, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.


China's Purchasing Managers' Index (PMI) rose to 50.2 in November, up from 49.3 last month, the National Bureau of Statistics said. South China Morning Post


It is rather interesting to note that the news comes despite the looming threat of fresh US tariffs within weeks if Beijing and Washington fail to sign a partial trade deal.


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