中國經濟

China factory activity contracts for third straight month

Manufacturing activity in China contracted for the third consecutive month in October, in the latest sign of the country’s economic slowdown.

The official manufacturing purchasing managers’ index, a closely watched gauge of large-scale industrial activity, came in at 49.8 in October, according to data released on Sunday.

That was the same figure as September, implying some stabilisation, although any reading below 50 implies that the sector is shrinking.

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