China's factory activity likely contracted in Oct for a sixth month: Reuters poll

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BEIJING: China's factory activity likely contracted in October for a sixth month, a Reuters poll showed on Tuesday (Oct 29), but by the tiniest of margins, backing officials' optimism that recent fresh stimulus will get the world's No 2 economy back on track.

China's finance minister has vowed to introduce further fiscal stimulus, but has not announced a dollar figure for the package, leaving investors in limbo.

Employees work on a production line manufacturing metal parts for furniture at a factory in Hangzhou, Zhejiang province, China, on Apr 30, 2020.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: September Month Quarter China Data Economy Stimulus Manufacturing Forecast Reuters Activity

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 17:00:07 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23324140

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