Chinese factory activity rebounds in September

Manufacturing activity in China resumed growth in September after two months of contraction, with the Manufacturing Purchasing Managers' Index (PMI) reaching 50.1 points, up from 49.8 in August. This improvement was supported by increased activity in the equipment, technology, and consumer goods sectors. The services sector also experienced a rebound, with the non-manufacturing PMI reaching 50.2 points, and the construction sector recording its highest level this year. Manufacturers benefited from growing demand in the artificial intelligence device sector, although weak domestic demand and rising energy costs remain key concerns.

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