China's Oct factory activity expands more quickly, but output weighs - Caixin PMI
China's economy is slowing after an impressive rebound from the pandemic-driven slump early last year, with its sprawling manufacturing sector hit by COVID-19 outbreaks, higher costs, production bottlenecks, and more recently, power rationing. An official survey on Sunday showed China's factory activity contracted more than expected in October to shrink for a second month.
China's economy is slowing after an impressive rebound from the pandemic-driven slump early last year, with its sprawling manufacturing sector hit by COVID-19 outbreaks, higher costs, production bottlenecks, and more recently, power rationing. An official survey on Sunday showed China's factory activity contracted more than expected in October to shrink for a second month.
