China factory activity snaps 2-month contractionary streak in September
China's factory activity returned to growth in September as a deepening economic malaise prompts policymakers to ramp up stimulus steps and bolster growth.
In September, China's Manufacturing Purchasing Managers Index (PMI) increased to 50.1, up from 49.8 in August, according to the National Bureau of Statistics (NBS). This figure matched the market's prediction of 50.1 for the same month. Simultaneously, the NBS Non-Manufacturing PMI soared to 50.2 in September, a substantial improvement from 49.0 in August, surpassing the anticipated 49.3.
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