Manufacturing gains help bolster confidence
By Zhou Lanxu | China Daily | Updated: 2019-11-02 06:19
Uptick in orders received by Chinese firms augurs well for future, say experts
Mixed signals emanating from the latest purchasing manager's index have indicated the "fragile" beginning of a potential major recovery of China's manufacturing sector, analysts said on Friday.
The Caixin China General Manufacturing PMI rose for the fourth straight month to 51.7 in October, the highest level since February 2017, versus 51.4 in the previous month, said a report jointly released by media group Caixin and information provider IHS Markit on Friday.
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