1. China's manufacturing purchasing managers' index (PMI) came in at 49.6 in November, down from 49.8 in October, according to data released by the National Bureau of Statistics on Tuesday, indicating the country's factory activity was contracting further.
2. The International Monetary Fund (IMF)'s executive board on Monday approved the inclusion of China's currency renminbi (RMB) in its Special Drawing Rights (SDR) basket as an international reserve currency. Effective from Oct. 1, 2016, the RMB will be included in the SDR basket as a fifth currency, along with the U.S. dollar, the euro, the Japanese yen and the British pound, the IMF said in a statement after completing the regular five-yearly review of the SDR basket.
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