China's Oct factory activity returns to expansion, Caixin PMI shows

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BEIJING: China's manufacturing activity swung back to growth in October as an expansion in new orders led to a pick-up in production growth, signalling an improvement in the sector at the start of the final quarter, a private-sector survey showed on Friday.

Reuters on Tuesday reported that the government was considering approving next week new debt issuance of more than 10 trillion yuan ($1.4 trillion) in the coming years.

Anecdotal evidence showed companies reduced temporary workers and refrained from replacing job leavers in October.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Economy PMI /Business/Business News Services Caixin Manufacturing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 10:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 21 lines

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News ID: 23359454

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