Manufacturing activity in China shrank for a second straight month in October, as the fallout from the country’s property sector downturn and energy shortages spreads through the world’s second-biggest economy.
China’s manufacturing purchasing managers’ index was 49.2 in October, below the 50-point threshold that indicates expansion rather than contraction, official data showed on Sunday.
The PMI data mark the latest sign of a worsening economic slowdown as weakening property construction activity and high commodity prices hit industry.
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