China manufacturing PMI shrinks more than expected in Oct; logs 7th month in red By Investing.com
Update: 2025-10-31
Description
New data reveals China's manufacturing sector struggling, with the official purchasing managers index dropping to 49.0 in October, marking the seventh straight month of contraction. Domestic demand and high trade tariffs from the US are causing optimism to wane. The Chinese government faces pressure to implement stimulus measures, but specifics are yet to be revealed. Despite manufacturing woes, other sectors like service industries showed improvement, but overall economic momentum remains uncertain.
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