China factory activity shrinks for seventh month, PMI shows
Update: 2025-10-31
Description
China's factory activity plummets for the seventh consecutive month, with the official PMI dropping to a six-month low, signaling contraction. The non-manufacturing PMI barely edged up, indicating a slowdown in economic momentum since mid-year. The property sector slowdown and tough global competition are adding to the challenges, with manufacturers resorting to selling goods at a loss overseas. Economists' reactions are mixed, with debate over the effectiveness of upcoming stimulus measures and the long-term health of China's economy amid global challenges.
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