China’s official manufacturing purchasing managers index rose to 51.5 in September, according to data released by the National Bureau of Statistics on Wednesday, higher than both the 51.2 forecast by economists and August’s reading of 51.0.
A separate private gauge of manufacturing activity, the Caixin China manufacturing purchasing managers index, stood at a robust 53.0, roughly in line with the previous month’s level. Readings above 50 suggest an expansion in activity, with higher numbers pointing to a broader-based trend. China’s service sector, a weak link in the economy for much of the summer due to lingering coronavirus concerns, also turned in a strong September. China’s official nonmanufacturing PMI, which includes both the service and construction sectors, jumped to 55.9 in September, its highest result since November 2013 and better than the previous month’s reading of 55.2.
The improvement in the service sector, which Goldman Sachs says accounts for about 80% of the weighting in the nonmanufacturing PMI, was boosted by a bounce back in the transportation, hotel and restaurant industries, as consumers appeared more willing to travel and spend, China’s statistics bureau said.
Source: Financial Digest (financialdigest.net)
How much Uighur, Tibetan and political slave labor did the government EvilCCP use for their supportive measures which bolstered the factory activity?
Bolstering factory activity you say? Wish we had more factories so we could boster their activity.
yes good job china! we just can't stop winning again and again
We Chinese all know COVID-19 was intentional accidentally leaked on Sept 18, 2019 when CCP did a drill to plant & detect the virus at Wuhan airport. The virus was made in a PLA lab - The other side of the pandemic the mainstream media doesn’t want you to know.
The firewall and CCP media are asymmetric weapons against everyone in the U.S.
Sentiments are managed by CCP cells, that’s the whole point of the latter.
Thanks to fake news and the Dems. Both control covid.
Really? 🙄
Coronvirus has been good for China. Definitely not at all a psyop to spark the downfall of the West en décadence.
This was the whole plan. To be the only standing economy after unleashing the corona virus on the world.
Get ready to pay up
2 Thess 2;9 Lord Jesus will overthrow with the breath of his mouth and destroy by the splendor of his coming. The coming of the lawless one will be in accordance with how Satan works. He will use all sorts of displays(ads) of power through signs (tweets).
yap, let that CCTV and People's Daily to replace you Wall Street Journal then....🙄
China obviously controls the Wall Street Journal.
It’s time to take down and replace Wall Street by Shanghai financial hub, control the world financial industry
Is that a class, a doctor or a coffee mug ?
Is she holding a mug...?
I'm ordering one of those teeth things for everyone I know! They've been sold out for months
Oh, you received the same memo, as Reuters, about writing a positive reporting about Chinese economy from CCP ? You better do it or you will no longer be allowed to operate in China
Making PPE? 🤔
Fake news
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