-- China ’s manufacturing activity contracted in October, according to a private survey, signaling that the economic recovery is losing momentum and pressuring policymakers who are trying to shore up growth.The Caixin manufacturing purchasing managers’ index fell to 49.5 from 50.6 in September, missing economists’ forecast of 50.8. The 50 line separates expansion from contraction.
Economists have said the weaker PMI figures on Tuesday reinforced the case for additional stimulus to put growth on firmer footing. Possible measures include raising the budget deficit for 2024, according to Zhang Zhiwei, chief economist at Pinpoint Asset Management Co. Adam Kinzinger said onetime Trump chief of staff John Kelly 'could barely stay awake' during a White House breakfast and told GOP lawmakers he was 'barely holding it together' in the role
China Manufacturing Activity Contraction Economic Recovery Policymakers Growth Stimulus Measures Weak Consumer Confidence Business Confidence Property Crisis Budget Deficit Additional Stimulus
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