BEIJING, Nov 29 Reuters China39;s factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is finally trickling through and giving producers in the world39;s No.2 economy a much needed boost.
A Reuters poll of 21 economists estimated the official purchasing managers39; index PMI would come in at 50.2 when the data is released on Saturday, higher than October39;s reading of 50.1 and above the 50point threshold that separates growth from contraction in activity.
While there are some signs that Chinese policymakers39; latest moves may be lending support to the ailing property market, which has weighed heavily on domestic demand, officials are now in a race to limit the economy39;s vulnerabilities ahead of a second Trump presidency.
U.S. Presidentelect Donald Trump said on Monday he would impose a 10 tariff on Chinese goods so that Beijing does more to stop the trafficking of Chinesemade chemicals used in the production of fentanyl.
He also threatened tariffs in excess of 60 on Chinese goods while he was on the campaign trail, hikes that pose a major growth risk for the world39;s top exporter of goods.
Bank of China which on Thursday said it forecasts China39;s 2025 GDP growth at around 5 and Nomura returned PMI projections of 50.6, the highest readings. The Economist Intelligence Unit was the only institution to forecast the PMI slipped back into contraction at 49.9.
The…