China factory activity shrinks for seventh month in October, PMI shows
Update: 2025-10-31
Description
China's factory activity continues to decline, marking seven months of contraction, with the official PMI dropping to 49, below the growth threshold. Manufacturers face challenges at home and abroad, with many exporting at a loss. While industrial output and profits grew in September, analysts warn that these numbers may be inflated by state-owned companies. China's economic growth slowed to 4.8% in Q3, raising concerns about relying too heavily on exports. Leaders pledged to focus on domestic consumption, but analysts question whether this is a genuine shift or more support for state-run companies. Opinions are divided on whether China should provide further stimulus or focus on infrastructure spending to meet its annual target.
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