A key index of manufacturing activity in China turned positive in October
A closely watched survey on manufacturing in China has edged into positive territory
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Your support makes all the difference.A closely watched survey on manufacturing in China has edged into positive territory, the government statistics agency said Thursday.
The Purchasing Managers’ Index rose to 50.1. A reading above 50 indicates an improvement over the previous month. It was the first improvement after five straight months of decline.
The rise follows the central bank’s announcement of a series of steps to boost the economy in late September. Investors and business owners are waiting to see if the government approves additional stimulus measures for the economy at a meeting of China's top legislative body next week.