Factory Activity Returns to Expansion in China as the Economy Stabilises

the manufacturing PMI along with the strong industrial profit figures suggest that the economy is gradually bottoming out.

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The manufacturing and non-manufacturing component of the composite PMI increased from 51.3 to 52.0 in September.

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In August, new home prices decreased at their fastest rate in the previous 10 months, and property investment fell for the 18th consecutive month.

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