China’s central bank governor reaffirmed plans for a supportive monetary policy to promote growth next year, as the economy faces fresh challenges from a looming trade war with the US during Donald Trump’s second term.

The PBOC will employ a variety of monetary policy tools to strengthen countercyclical adjustments and maintain adequate liquidity.

People’s Bank of China governor Pan Gongsheng pledges to ensure adequate liquidity and lower overall financing costs for businesses and households.

A private gauge of China’s manufacturing activity signaled that the sprawling sector continued to expand in November, as Beijing’s efforts to revive growth help stabilize the economy.

The private survey signals that the country's recent stimulus efforts have already helped to lift certain sectors of China's ailing economy.