7 Hrs
Source:
الاقتصادية
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China factory activity resumes growth
The Chinese economy experienced an initial recovery in factory activity in September for the first time since June, with the official Purchasing Managers' Index (PMI) reaching 50.1 points, surpassing expectations and indicating expansion in the industrial sector. Additionally, the non-manufacturing activity index returned to positive territory at 50.2 points, as the government successfully launched the largest stimulus package in two years to support growth, aiming for a growth rate between 4.5% and 5%. Despite the pressures, the extension of the trade ceasefire between the United States and China helped ease tensions and improve external conditions.
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