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Date: Fri, 27 Nov 2020 07:50:22 GMT
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China's economic prowess is also seen by outsiders as having stimulated nationalism in a generation removed from the Cultural Revolution. Beijing's belligerent responses to overlapping maritime claims have heightened worries about its security objectives in a region already wary of its economic clout. This is one factor in Japan's decision to relax its ban on weapons exports; to China's dismay, it has also driven its neighbours to support a stronger US presence in Asia and has complicated regional trade integration.
The low reading was driven by a fall in the production component, whereas the forward-looking new orders component increased for a sixth straight month.