Official survey results suggest the world’s second largest economy has begun to stabilise.
China’s purchasing managers’ index rose to 50.2 in September from 49.7, beating a forecast of 50.0.
The official purchasing managers’ index rose to 50.2 in September from 49.7, according to the National Bureau of Statistics, edging above the 50-point level demarcating contraction from expansion. The reading beat a forecast of 50.0. Analysts, however, say more policy support will be needed to ensure China’s economy can hit the government’s annual growth target of about 5% this year.
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