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China's economic acitivty improves as PMIs return to expansion
China's economic activity showed signs of improvement in September, with key business activity indicators returning to expansion territory, according to data released by the National Bureau of Statistics on Wednesday.
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Chinese manufacturing expands in September
The purchasing managers' index (PMI) for the mainland’s manufacturing sector stood at 50.1 in September, up 0.3 percentage points from the previous month, official data showed on Wednesday. A reading above 50 indicates expansion, while below the 50-point mark reflects contraction. The PMI for large enterprises stood at 50.6, while that for medium and small enterprises came in at 49.7 and 48.9, respectively, according to data released by the National Bureau of Statistics. The production index stood at 51.7, an increase of 1.3 percentage points from last month, suggesting accelerated activity in the manufacturing sector. The new order index was 50.5, down 0.1 percentage point from August. Huo Lihui, a chief statistician with the National Bureau of Statistics, said the manufacturing PMI returned to expansion in September. Huo said among the 21 industries surveyed, 12 recorded a PMI above the threshold – an increase of four from the previous month, showing improvements in the manufacturing sector. Official data also showed the PMI for the mainland’s non-manufacturing sector came in at 50.2, up 1.2 percentage points from last month. The composite PMI output index was 50.7, indicating expansion in production and business activities compared to the previous month. (Additional reporting from Xinhua) Edited by Tony Sabine
Beijing warns of retaliation if Europe imposes curbs on Chinese businesses
China must "respond firmly" if the EU introduces restrictions on Chinese businesses or products, the Commerce Ministry said, according to a CNBC translation.