18 Hrs
Source:
الاقتصادية
Source: الاقتصادية
18 Hrsالاقتصادية
Source: الاقتصادية
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China’s factory activity contracted in October, with the official purchasing managers’ index falling to 49.3 from 50.1 in September. That was below the 50-point threshold separating contraction from growth and below economists’ forecast of 49.9. The non-manufacturing activity index slipped to 49.7, while the production and new orders indexes fell to 49.8 and 49.4, respectively. The slowdown is adding to pressure on Beijing to support the economy and meet its annual growth target of 4.5% to 5%. The government has introduced credit facilities, mortgage support and additional bonds for local governments, and launched major infrastructure projects.
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