中国的混合指标测试了市场情绪，但中期偏见依然存在。中国制造业放缓、需求疲软和失业率上升给市场带来压力，但对P的预期加拿大央行 宽松政策支持建设性的中期观点。

China's Mixed Indicators Test Sentiment but Medium-Term Bias Holds.China's manufacturing slowdown, weaker demand, and rising unemployment weigh on markets, but expectations of PBoC easing support a constructive medium-term view.

据报道，中国明年可能仍将实现5%的GDP增长目标。该报告援引了大多数中国政府顾问的建议，称他们继续支持2026年约5%的增长目标。这也是今年的目标，尽管北京的一个少数民族阵营确实希望提出一个略低的4.5%至5.0%的增长幅度。

China reportedly to likely still target 5% GDP growth for next year.The report cites suggestions from most Chinese government advisers, saying that they continue to favour a growth target of around 5% for 2026. That's the same target this year, although a minority camp in Beijing do want to propose a slightly lower range of 4.5% to 5.0% growth instead.

中国的RatingDog PMI服务降至52.1，扩张速度放缓，就业和利润率面临压力。11月，中国的RatiingDog服务业采购经理人指数有所下降，从52.6降至52.1，而综合采购经理人指数则从51.8降至51.2。这两项措施都保持在扩张性区间，但下降表明年底前的增长势头有所放缓。

China's RatingDog PMI services falls to 52.1, expansion loses pace, employment and margins under pressure.China's RatingDog Services PMI eased in November, slipping from 52.6 to 52.1, while Composite PMI fell from 51.8 to 51.2. Both measures remained in expansionary territory, but the decline signaled moderation in growth momentum heading into year-end.

中国11月RatiingDog服务业采购经理人指数降至52.1，而预期为52。中国11月RatiingDog服务业采购经理人指数降至52.1，而预期为52

China's RatingDog Services PMI declines to 52.1 in November vs. 52 expected.China's RatingDog Services PMI declines to 52.1 in November vs. 52 expected