(Yicai Global) Dec. 2 -- The Caixin purchasing managers' index for China's manufacturing sector rose 0.1 point in November to 51.8, marking five straight months on the up and a new high since December 2016.
The index, published by Chinese financial media outlet Caixin, followed a rise in the official manufacturing PMI, which rose 0.9 point to 50.2 last month.
China has two main PMIs. The official index, run by the National Bureau of Statistics, tracks 3,000 companies of which many are large and state-backed. The Caixin PMI, also known as the Caixin-Markit PMI, surveys 500 businesses that are typically smaller and privately owned.