China's November inventory index rises to 52.4% from the previous month - Chinese report

According to the latest information released by the China Logistics and Purchasing Federation, the inventory index for November rose 3.0 points from the previous month to 52.4.
Demand expanded significantly, and the inventory index, which had been below 50, returned to the expansionary range. Looking at the November inventory index by item, the new orders index rose 6.2 points to 54. Steel, chemicals
The new order indexes for industrial products, machinery and equipment, and mineral products are all in the expansion zone of over 50. The average inventory turnover index rose 4.0 points to 56.3.
The warehousing industry's sluggish performance in the previous quarter has eased. The business activity expectation index rose 0.5 points to 54.5, remaining at a relatively high level, indicating that businesses have high expectations for future market development.
Experts said, "The effects of various policies are gradually becoming apparent, showing signs of a stable economic recovery. Demand for warehouses is likely to continue to increase in the future."