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HomeeconomyChina EconomyChina’s manufacturing rebounds in latest sign of stabilising economy

China’s manufacturing rebounds in latest sign of stabilising economy

EconomyChina Economy

China’s manufacturing expands for first time in 6 months in latest sign of stabilising economy

Official manufacturing PMI rises to 50.2 in September from 49.7 in August, shifting to expansion range after five months of contractionBut factory activity still faces headwinds from intense competition, costly raw materials and tight funds, says statistics bureau economistChina's economic recoveryLuna Sunin BeijingandWendy Wuin BeijingPublished: 12:03pm, 30 Sep, 2023Why you can trust SCMP

China’s manufacturing activity rebounded to expand for the first time in six months, another sign of a stabilising economy following a slew of policy support measures to boost growth.The official manufacturing Purchasing Managers Index (PMI) rose to 50.2 in September from 49.7 in August, the National Bureau of Statistics said on Saturday.It was the first time since March the headline reading has risen above 50, which indicates expansion of production from the previous month, having remained in the contraction range in the previous five months.

“Positive factors in economic performance have increased in September as policies have started to take effect,” said Zhao Qinghe, an economist with the statistics bureau.

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But he cautioned that headwinds could hamper a continued rebound in the manufacturing sector.

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