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China manufacturing PMI hits 50.1 in September
Official data showed that China's Purchasing Managers' Index (PMI) for the manufacturing sector reached 50.1 in September, rising from 49.8 in August. This marks a return to expansion after two months of contraction. The improvement reflects a better business environment, with the sector experiencing growth in production and market demand, as the production index increased to 51.7 and the new orders index to 50.5. The purchase volume index also recorded 51.0, while raw material prices rose to 60.8 amid increased demand in certain industries. Small and medium-sized enterprises showed positive activity changes, indicating a notable recovery in the sector during September.
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