China’s manufacturing activity expanded in October thanks to rising new orders, a survey from HSBC showed on Thursday.
The HSBC flash Purchasing Managers’ Index (PMI) stood at a seven-month high of 50.9 in October, up from 50.2 in September and above the key 50-mark which separates expansion from contraction.
The survey is the first snapshot of how manufacturing in the world’s second-largest economy is faring this month. New orders rose to 51.6, the highest in seven months.
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