Reported 8 months ago
In October, China's manufacturing sector showed its first expansion in six months, with the purchasing managers' index (PMI) rising to 50.1, indicating a positive response to recent fiscal stimulus measures. The non-manufacturing PMI also increased to 50.2, signaling a rebound in services and construction. This follows a government effort to enhance economic growth amid a downturn in the property market and consumer confidence. Indicators suggest that confidence is improving, with retail sales and factory outputs exceeding expectations, hinting at a gradual recovery in domestic demand.
Source: YAHOO