China's factory activity fell back into contraction in November as subdued demand, shrinking employment and elevated prices weighed on manufacturers, a business survey showed on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 49.9 in November from 50.6 the month before, versus analyst expectations of 50.5 in a Reuters poll. The 50-mark separates growth from contraction on a monthly basis. The world's second-largest economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum since the second half as it grapples with a slowing manufacturing sector, ... (full story)