Caixin China Composite PMI data (which covers both manufacturing and services) showed a further solid increase in Chinese business activity in November. The Composite Output Index was unchanged from October's 43-month record of 52.9 in November.

Services companies based in China saw a solid increase in business activity during November, which offset a slight slowdown in the rate of output expansion across the manufacturing sector. Furthermore, the seasonally adjusted Caixin China General Services Business Activity Index rose from 52.4 to reach a 16-month high of 53.1 in November.