8 publishers · first seen Sat, 31 Oct 2026 03:58 UTC · updated Sat, 31 Oct 2026 05:15 UTC
China's factory activity contracted in October, with the official manufacturing purchasing managers' index (PMI) falling to 49.3 from 50.1 in September, according to the National Bureau of Statistics. This marks the third contraction in four months, driven by weakened demand for exports and domestic goods. Sub-indexes for new orders and new export orders remained in contraction territory, while production and purchasing activity also slipped into contraction. However, some sectors such as railway, shipbuilding, aerospace equipment, and computer, communications, and electronics manufacturing showed resilience with sub-indexes at or above 53.0. Despite the contraction, China's economy is expected to meet the annual growth target of 4.5-5.0% without additional stimulus measures.
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