A private gauge of China's factory activity fell into contraction in October, signaling continued economic headwinds despite Beijing's recent efforts to...
A private gauge of China’s factory activity fell into contraction in October, signaling continued economic headwinds despite Beijing’s recent efforts to shore up growth.
The China Caixin manufacturing purchasing managers index fell to 49.5 in October, from 50.6 in September, according to data released Wednesday by Caixin Media Co. and S&P Global. The 50 mark separates activity expansion from contraction. The Caixin index pointed in the same direction with a competing official gauge. China’s official manufacturing purchasing managers’ index unexpectedly fell to 49.5 in October, down from 50.2 in September, the National Bureau of Statistics said Tuesday.
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