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Manufacturing PMI unchanged at 51

China's manufacturing activities continued to expand in a stable manner, according to the Caixin China Purchasing Managers' Index for manufacturing sectors, released on Wednesday. The reading was 51 in October, unchanged from September. It has been above 50 for five consecutive months. A reading above 50 indicates expansion while a figure below that indicates contraction. It shows that China's manufacturing industries expanded in a stable manner during October, but the country's strict production reduction measures aimed at environmental protection and low corporate stock levels may affect production in the coming months, said Zhong Zhengsheng, chief economist of Caixin Insight Group, which compiled the index. China's industrial output growth may slow in October and investment growth may also be affected by the restrictive property market measures, Zhong said.