China’s manufacturing sector returned to expansion territory in October after five consecutive months of contraction, official data showed Thursday.
China’s manufacturing purchasing managers’ index (PMI) stood at 50.1 in October, up from 49.8 in September, surpassing the 50 threshold for the first time since May. the State Bureau of Statistics (BES) said in a statement.
Commenting on the data, NBS statistician Zhao Qinghe noted that China’s economic climate continued to improve in October, as a new round of progressive policies were implemented and existing policies gradually came into effect. force.
