China factory activity resumes expansion

China experienced its first expansion in factory activity since June, as the official manufacturing Purchasing Managers' Index (PMI) recorded 50.1 points in September, crossing the 50-point threshold indicating growth. This is up from 49.8 in August and aligns with analysts' expectations. This development comes after the government announced its largest stimulus package in two years to support the economy, enhancing the prospects of achieving an annual growth target between 4.5% and 5%. However, the economy faces pressures from slowing consumption, shrinking investment, and weak business confidence, despite limited support from external conditions following the extension of the trade truce between the United States and China.

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